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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CFPB Reports Reveal Details About Debt Collection Regulation
25 November 2014
Account Control Technology Donates $32,014 to Susan G. Komen and the Fight to End Breast Cancer
24 November 2014
ACA and DBA Issue Support for Federal Action Against Rogue Collectors
21 November 2014
Collection Agency Founder Arrested by Feds and Charged in $5 million Fraud Case
20 November 2014
CFPB Takes Actions Against Car Dealer Over Debt Collection and Credit Reporting
20 November 2014
Executive Change: David A. Prado, Esq. Appointed General Counsel at Hollis Cobb
19 November 2014
Fallout Growing from FDCPA Decision on Proof of Claim on Time-Barred Debt
18 November 2014
German Collection Agency GFKL Acquires Deutsche Multiauskunftei GmbH
18 November 2014
Executive Change: Delta Outsource Group Appoints New Director of Client Experience
18 November 2014
Executive Changes: ConServe Announces Managerial Promotions & Assignments
18 November 2014
How Effective is Your Compliance Program?
18 November 2014
Judge Dismisses Third Party Disclosure FDCPA Case and Opines on Nature of the Law
17 November 2014
Nearly 60% of ARM Firms Think They May Have Been Baited Into a Violation
17 November 2014
POLL: How Safe is the Student Loan Collection Sector?
17 November 2014
Remember Mortgage Crisis: Lowering Down Payments Might Not Be the Answer
17 November 2014
U.S. Gov't to Test In-House Student Loan Debt Collections, Cutting Out Private ARM Firms
14 November 2014
American Bar Association Condemns Debt Collector/DA Relationships and Letter Practices
12 November 2014
How to Avoid FDCPA Claims of Overshadowing
11 November 2014
PRA Group Reports Big Q3 with Aktiv Kapital Integration
11 November 2014
FTC and State AG Launch Joint Fraud Action on Collection Agency
10 November 2014
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