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 and FTC Settle Debt Collection Charges with Mortgage Servicer for $63 million
22 April 2015
IC System is Helping to Nurture Nature on Earth Day
22 April 2015
RMS-Recovery Management Services, Inc. Completes SSAE 16 Type II (SOC 1), PCI DSS, and NIST Engagement
22 April 2015
National Human Resource Association Names Conserve's George Huyler 2015 HR Exec of the Year
22 April 2015
Executive Changes: EOS Adds Tremendous Talent to North American Sales Team
21 April 2015
TransUnion Partners with Global Debt Registry to Offer Registry Services for Debt Buyers and Financial Institutions
20 April 2015
ARM-U Reconfigured as Free Online Collection Compliance and Operations Event
20 April 2015
State Legislature Committee to Consider Strict Debt Buyer Bill After Industry Input
17 April 2015
Executive Change: Melissa Hobbs Joins SKYLINK Group of Companies as SVP
17 April 2015
New Proprietary Service is Now Available Exclusively for ARM Executives
16 April 2015
DBA International Offers Webinar on Understanding the New Risks in the Bankruptcy Claim Process
16 April 2015
Judge Sides with Government in Student Loan Debt Collection Contract Dispute Ruling
15 April 2015
FTC's Settlement with Two Debt Portfolio Brokers a Continuation of a Trend in ARM Industry
14 April 2015
Credit Consulting Service Awarded "Large Business of the Year"
14 April 2015
FTC and State AG Team Up on Fake Debt Collection Agency in Illinois
13 April 2015
Executive Changes: KM² Solutions Leadership Transitions Yield to a Promising Future
10 April 2015
Account Control Technology Foundation Releases "Beware the Debt Monster" Video forNational Financial Literacy Month
10 April 2015
Stoneleigh Recovery Associates Becomes Certified Third Party Collection Agency
9 April 2015
What Are Collection Agencies Doing About Due Diligence?
9 April 2015
8 Ways To Get Market Share Without Spending a Fortune
8 April 2015
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