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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House Pushes CFPB Reform, But to What End?
13 February 2014
State AG Seeks Ban on Gambling Debt Collection Method
12 February 2014
Allied International Credit Awarded 62nd Place for Top 125 Training
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ACA International Briefs State Attorneys General Staff on TCPA Petition
11 February 2014
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NCS Wins Award for Federal Collection Subcontracting Performance
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Credit Control, LLC Acquires Professional Recovery Services, Inc.
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UK Regulator Pulls License of Debt Buyer and Two Collection Agencies
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Johnson, Morgan & White to Accept Bitcoins Becoming First Collection Agency to Accept the Digital Currency for Payment of Debts
4 February 2014
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