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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NARCA's New Executive Director Getting Trial by Fire
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Appeals Court Defines FDCPA Suit Filing Period in Split Decision
11 October 2013
CFPB Will No Longer Send Enforcement Attorneys to Supervisory Examinations
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Collection Agency Head Honored as Business Person of the Year
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Consumer Watchdog Report Magnifies State Debt Collection Practices
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Minnesota Announces Action to Shut Down Debt Collection Agencies
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Arrow Global Has Successful Debut on London Stock Exchange
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Virginia Lawmaker Wants to Shield Federal Workers from Debt Collection Suits
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Collectors Can't Disclose Debts to Third Parties, But Governments Can?
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Ascend One and Freedom Financial Network Announce Joint Venture to Develop and Deploy Automated Debt Settlement Platform
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Nationally Recognized ARM Industry Attorneys Join Forces
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Executive Change: Lowell Group Appoints Tish Joyce as Director of Change Management
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Senator Reignites Debate Over IRS Private Debt Collection Program
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State Supreme Court Hears Debt Buyer's Challenge to AG Action
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