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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NYDFS Launches New "Powerhouse" Consumer Protection and Enforcement Division
30 April 2019
Release of Debt Collection Rules Speculated to Coincide with CFPB’s Town Hall in Philadelphia Next Week
29 April 2019
When a Collector Talks to a Bot: How to Solve for Time-Wasting Apps
25 April 2019
Court Compels Lexington Law to Produce Client Communications Related to Generating Credit Dispute Letters
23 April 2019
Why Digital Collections Is the Future
18 April 2019
CFPB Rules to Contain Call Caps, Allow Digital Communication Channels, Says Kraninger
18 April 2019
Why Every Lawyer And Client Should Be Fighting To Stop The “Meaningful Attorney Involvement” Doctrine From Spreading
17 April 2019
BCA Financial Services, Inc. Celebrates 75th Anniversary
16 April 2019
5 E-Sign Myths Dispelled – Must-Know Requirements for a Paperless, Stamp-Free Collections Process
16 April 2019
Growing SDVOSB Seeks Experienced Collectors & Added Management Talent to Support Growth
16 April 2019
Credit Report Inquiry Could Be a Third Party Communication That Violates the FDCPA, Says N.D. Ohio
11 April 2019
11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure
8 April 2019
Complaint Data Trends and Limitations: Three Take-Aways From the CFPB's Annual Consumer Response Report
3 April 2019
Law Firms Performing Non-Judicial Foreclosure Declared Not a “Debt Collector” by U.S. Supreme Court (sponsored)
1 April 2019
Debt Buyers in N.D. Illinois Beware: Purchase May Not Transfer Right to Collect Post-Charge Off Interest, According to Court
1 April 2019
iA Video Series: Ironing Out the Irony of ED's NextGen Strategy
27 March 2019
Ninth Circuit Court of Appeals Confirms That Creditors Are Not Per Se Liable for Calls Placed by Collectors– but Rules Against Creditor Anyway
26 March 2019
Supreme Court to the Rescue with a Narrow Interpretation of the FDCPA
26 March 2019
CFPB Seeks Applications from Experts in Debt Collection for Consumer Advisory Board, Will the ARM Industry See Some Representation Again?
25 March 2019
CFPB FDCPA Report Shows Market Trends, Frowns Upon Creditors Responding Directly to Verification Requests
21 March 2019