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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10 Questions to Ask your Vendor prior to Selecting your Collection Software Solution: Part I
2 June 2015
Compliance Management Systems and the CFPB: Common Questions Answered
2 June 2015
New York Government-Business Debt Collection Dialogue Sold Out
2 June 2015
Five Lessons the ARM Industry Can Take From the Mortgage Meltdown
1 June 2015
Bank of America Fined $30 Million by OCC, Related to SCRA and Debt Collection Litigation
1 June 2015
2 Days, 6 Webinars: ARM-U is a Free Online Event for Compliance and Operations Professionals
29 May 2015
After Four Years Benjamin M. Lawsky Departs NYDFS as Superintendent
29 May 2015
Executive Change: Patrick D. Newman Joins Moss & Barnett
29 May 2015
BillingTree, David Kaminski, to Present on EFTA, Reg E and ESIGN at ARM-U 2015
29 May 2015
Executive Change: Rob Nichols Named New ABA President and CEO
28 May 2015
FCC Issues Fact Sheet Rather Than Clarity on TCPA Proposals
28 May 2015
CFPB Quietly Extends Debt Collection Rulemaking on the Eve of Holiday Weekend
27 May 2015
New York Court of Appeals Revives Class Action Lawsuit Against Encore Capital
26 May 2015
International Debt Collection Stories Emerge for Memorial Day
26 May 2015
FTC Joins NY and GA in Action Against 3 Collection Agencies
22 May 2015
Honor a Vet in Your Life on ARMing Heroes’ Facebook Page
22 May 2015
The Rising Cost of a College Education
22 May 2015
Executive Change: Richard Sleeth Joins Stellar Recovery, Inc. as Executive Vice President of Sales
21 May 2015
U.S. Supreme Court to Take Up Whether Complete Relief to Class Litigant Moots Class Claims
21 May 2015
Proposed Legislation in Numerous States Would Negatively Impact the Collection Industry
21 May 2015
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