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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All Collection Firms Need to Participate in the Best Places to Work Program
11 June 2014
What are the Universal Value Drivers when it Comes Time to Sell a Business?
10 June 2014
Selfless Military Vet Turns Down ARM Charity Grant to Help Another
10 June 2014
Commercial Collection Agencies of America Debuts
10 June 2014
Executive Changes: Financial Debt Recovery Names New VP of Development and New General Counsel
10 June 2014
Drafting the Perfect Marketing Email
9 June 2014
Licensing Changes in Two States to Impact ARM Companies
6 June 2014
An Open Letter to ED's Arne Duncan: Fix Your Debt Collection Bid Process
6 June 2014
CFPB Civil Investigative Demands Scorch Debt Collection Industry
5 June 2014
ACA Submits Amicus Brief in Debt Collector’s Statute of Limitations Case
5 June 2014
JCC Participates in Annual ACA Collector Challenge
5 June 2014
FTC Gets Another Ruling Against Payday Lender in Debt Collection/Lending Case
4 June 2014
Doing Something Practical to Beat Compliance Challenges
4 June 2014
Executive Change: Account Control Technology Welcomes Kim Massey as VP of Business Development
4 June 2014
New Xtend Healthcare Service Center Pushes Company’s Hendersonville Employees over 600
4 June 2014
Executive Change: Doug Hendrickson to Enterprise Recovery Systems as Director
3 June 2014
Bill Bartmann Wants Nonprofits to Compete with Debt Collectors
3 June 2014
LiveVox Presents Part II of "A Fireside Chat" With CFPB Examination Consultant, Joe Adams
3 June 2014
Healthcare Receivables Experts Examine the Healthcare Marketplace
3 June 2014
FTC's Recent Enforcement Action Sets New Debt Collection Standards
2 June 2014