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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FDCPA Lawsuits Increase in Second Half of February
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NCO Group Announces Tender Offers and Consent Solicitations
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Lying Down with Big Dogs: JPMorgan Chase
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Arizona Credit Card Responsibility Bill Heads to Senate
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How Bill Bartmann Gets it Wrong
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FTC Goes After Payday Lender that Used Tribal Court for Debt Collection Suits
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Need Help Collecting from a Former Athlete? This Guy Can Help
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Executive Change: Coast Professional Hires Brooke Singletary as Marketing Coordinator
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