Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.
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Stellar Recovery Earns Certified Professional Receivables Company Designation
9 December 2013
Fed Reminds Banks they Are Responsible for Third-Party Service Providers
6 December 2013
Executive Change: Lowell Group Names Mathew Stonley Biz Dev Manager for Debt Purchase
6 December 2013
Asset Classes Attracting the Most Consumer Complaints
5 December 2013
Important International ARM Industry Group Re-Emerging
5 December 2013
POLL: Preparing for Compliance Costs in 2014
5 December 2013
Is your Website Privacy Policy Up to Date?
4 December 2013
RGS Financial, Inc. of Richardson, TX Gives Back in a BIG Way
4 December 2013
CFPB to Lay Off TCPA, Focus on Fair Play
3 December 2013
Commercial Debt Collection Placements Increase in Q3, But Still Down Significantly in 2013
3 December 2013
FMA Alliance President Elected to BBB Education Foundation
3 December 2013
Website Announces Free Trial Promo for Student Loan & Government Contracts
3 December 2013
Free Webinar Examines the Compliance Landscape for 2014
3 December 2013
CFPB Recognizes Cost Burden of Compliance for Small Banks
3 December 2013
Winners and Rankings Announced in 2013 Best Places to Work in Collections Program
2 December 2013
Arrow Global Reports Strong Earnings After IPO
2 December 2013
Collectors Are Largely Chasing the Wrong Person, According to Complaints Data
27 November 2013
New Performance Award Announced for ED Student Loan Debt Collection Subcontractors
27 November 2013
Account Control Technology Donates $31,980 to End Breast Cancer
27 November 2013
Record Amount of Food Donated Through Dynamic Recovery Solutions' Annual Food Drive
27 November 2013