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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Encore Partners With U.S. Reps. Peters and Hunter On Bill To Exempt Forgiven Debt From Federal Taxation
22 July 2015
Department Stores National Bank To Pay $23.8M For Charging Fees on Collection Accounts
21 July 2015
5 Lessons from the CFPB's Supervisory Highlights Report
21 July 2015
MyGovWatch.com Makes Federal Debt Collection Report Available
21 July 2015
Executive Change: ABC-Amega Promotes Tom Riker to VP of Global Operations
21 July 2015
USA Funds Sues Department of Education Over Collection Fees
20 July 2015
RevSpring to Present on the Importance of Electronic Signatures in Accounts Receivables
20 July 2015
FTC Schedules Additional Debt Collection "Dialogues," In Dallas And Atlanta
20 July 2015
What Debt Collectors Really Need To Know About the FCC Order and the TCPA
17 July 2015
North Dakota Announces Debt Collection License Changes
17 July 2015
Lawsuits Against the Industry Up Across the Board
17 July 2015
Credit Control, LLC Completes Acquisition of PRS
17 July 2015
CFPB's First Monthly Complaints Report Could Use More Context
16 July 2015
Multiple Groups Hop on the Bandwagon, Filing Suit In Multiple Courts For TCPA Ruling
16 July 2015
Idaho Collection Agency Licensee Changes Must Be Updated Within 30 Days
16 July 2015
Connecticut Now Requires Use of NMLS for Licensing Consumer Collection Agencies
16 July 2015
Acumen & ComplyARM Partner to Add Licensing to Dashboard Compliance Management System
16 July 2015
Texas-Based Commerical Debt Collector Faces Penalty and Consent Order From Minnesota
15 July 2015
Decoding the Order in CFPB v. Hanna
15 July 2015
Federal Court Paves Way For CFPB To Pursue Enforcement Action Against Hanna
15 July 2015