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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States Begin to Use UDAAP Provision in Enforcement Actions

28 April 2014

Sallie Mae to Split-Off Loan Servicing and Debt Collection Unit this Week

28 April 2014

Executive Change: Veldos, LLC Announces Nicole Cummins as Global Head of Compliance

28 April 2014

Kohn Law Firm donates $50,000 to "I Pledge Milwaukee"

28 April 2014

Equifax Receives Civil Investigative Demand from the CFPB for Credit Reporting Issues

25 April 2014

NPR Explores Recent Changes in Medical Debt Collection Practices

25 April 2014

5 Ways to Make a Conference a Success

25 April 2014

State Court of Appeals: Out-of-State Debt Collectors Do Not Need a License

24 April 2014

Executive Change: Charlie Bonner to Alpha Recovery as VP of Business Development

24 April 2014

Senate Bill Targets Credit Furnisher Responsibilities Under FCRA

23 April 2014

Kentucky Governor Announces Expansion at Medical ARM Firm Frost-Arnett

23 April 2014

Massive Federal Student Loan Collection Opportunity Prompts Teleseminar on Small Business Subcontracting

22 April 2014

CFPB Moves to Free Student Loan Borrowers from Defaults Caused by Co-Signers

22 April 2014

Collector Settles Class Action for $50,000; Plaintiffs' Attorneys Take $40,000

21 April 2014

Delta Outsource Group’s COO Nick Jarman Installed as President of Missouri Collectors Association

21 April 2014

Weekend Reading: Elizabeth Warren Has a Memoir

18 April 2014

Bad Faith FDCPA Case Leads to Win for Defendant

18 April 2014

DBA International’s Introductory Survey Course on Debt Buying Available 24/7 Online

18 April 2014

Pa. Judge: Consumers Must Know Their Right to Challenge a Debt

17 April 2014

TECH LOCK, Inc., American Collectors Association of Texas Educational Foundation partner to “Secure” an Education

17 April 2014