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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Looking Forward to the CFPB Complaint Resolution Process
26 February 2013
How Will the Marx Decision by the Supreme Court Impact ARM?
26 February 2013
Governor Cuomo Wants Debt Collectors to Know it's Still Illegal to Collect Payday Loans
25 February 2013
Debt Collectors as Problem Solvers: It’s All About the Relationships
25 February 2013
Iowa Debt Collection Laws: Fields of Opportunity
25 February 2013
One Debt Collection Story, Two Takes from the Media
22 February 2013
Indiana Debt Collection Laws: Start Your Engines
22 February 2013
Could In-Room Pet Visits Improve Hospitals' Bottom Lines?
22 February 2013
FDCPA Cases Filed Increase in January
21 February 2013
The Importance of Front-Line Talent Management
20 February 2013
Hawaii Debt Collection Laws: The Islands of Aloha
19 February 2013
Collection Bureau Hudson Valley and CU Collections form Strategic Partnership
19 February 2013
Update on M&A Activity in the ARM Industry
19 February 2013
Nigel Morris, co-founder of Capital One, Joins TDX Group Board of Directors
19 February 2013
Florida Debt Collection Laws: Discover Your Own Back Yard
15 February 2013
Next Generation Collection Agency Monarch Recovery Management Incorporating Experian's FirstSweep Collections Filtering Product
15 February 2013
Castel Detect Voice and Speech Analysis Chosen by J.C. Christensen & Associates
15 February 2013
ACA International Launches Compliance Checklist Based On CFPB Exam Procedures
15 February 2013
FTC Touts Actions Against Debt Collectors in Letter to CFPB
14 February 2013
District of Columbia Debt Collection Laws: Influenced by the Laws in Maryland
14 February 2013