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.

See all Topics

Stellar Recovery Inc. Joins the Telecommunications Risk Management Association

30 October 2013

Weinberg Selected as Community Champion by Care Alliance

30 October 2013

Buried in Chase's Legal Battles is a Game-Changer for Debt Collection

30 October 2013

CFPB Simplifies Regulation E, and Debt Collectors Should Pay Attention

29 October 2013

Account Control Technology, Inc. Recognized for Second Year in Inc. Magazine's Hire Power Awards

29 October 2013

New York City Tries to Ban Collection Agency

28 October 2013

Collection Agency Northland Group Announces Expansion of Newly Acquired Collection Operation and Interest in Additional Acquisitions

28 October 2013

BBB Sounds Alarm on Collectors Impersonating Law Enforcement

25 October 2013

Pioneer Ranked Top Collection Agency for Department of the Treasury Contract

25 October 2013

Collection Agency ConServe Honored by Inc. Magazine for Job Creation Over Past 18 Months

25 October 2013

Private Debt Collector Success in UK Should Provide Guidance for IRS

24 October 2013

FTC Has Court Shut Down Collector of Fake Payday Loan Debts

24 October 2013

When Is The Best Time To Sell A Business?

24 October 2013

CFPB: Individuals and Corporations Can be Penalized for Wrongdoing

24 October 2013

NARCA Swears In Joann Needleman as President; Elects New Officers and Board

23 October 2013

GC Services Selects Castel Detect Voice and Speech Analysis as its Real-Time Collection Center Voice and Call Analytics Solution

23 October 2013

First Collection Services, LLC completes ARM Industry Gold Standard; TECH LOCK Certified

23 October 2013

Empereon-Constar Launches Women’s Leadership Council

23 October 2013

TCPA Lawsuits Really Are Growing Compared to FDCPA Claims

22 October 2013

Amidst ARM Market Changes, M&A Strategies are Being Refined

22 October 2013