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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Happy Fourth Birthday, CFPB!
21 July 2014
Utah-based Collection Agency Celebrates First Anniversary
21 July 2014
Big Bank Regulators Propose New Supervision Model
18 July 2014
New Whitepaper Reveals Three Strategies to Shrink Bad Debt
18 July 2014
TCPA Victory May Expand Scope of Vicarious Liability Claims
18 July 2014
CFPB Takes Direct Aim at Policing Legal Profession
18 July 2014
Can Debt Collectors Legally Charge Interest?
17 July 2014
Consumer Narratives Coming Soon to CFPB Complaint Database
17 July 2014
Where are the Collection Opportunities in Coming Years?
17 July 2014
Consumers Claiming Debt Isn't Theirs On the Rise
17 July 2014
New York Regulator Proposes Debt Collection Rules Based on Previous Comments
16 July 2014
FTC and CFPB to Host Roundtable on Debt Collection and the Latino Community
16 July 2014
Executive Change: Tim Moore joins Automated Collection Services, Inc.
16 July 2014
Collectors Need More Modern Approach when Trusting Data to Vendors
16 July 2014
Risk Management Throughout the Vendor Relationship Lifecycle
16 July 2014
NCO Parent Company Selling Transworld Systems, Divesting Third-Party Collection Unit
15 July 2014
Don't Forget About Your Marketing Goals
15 July 2014
CFPB Sues Debt Collection Law Firm Over Suit Volume, FDCPA Violations
15 July 2014
Circuit Court Holds that Filing a Proof of Claim on Time-Barred Debt Violates FDCPA
14 July 2014
Debt Collection Scammer/Reality TV Husband Gets 8 Years in Prison
11 July 2014