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

Maryland Attorney Faces 90-Day Suspension Over "Robo-Signing"

23 August 2013

Account Control Technology Honored in the Inc. 5000 for Seventh Year

23 August 2013

CFPB Supervisory Report on Mortgage Servicing Offers Clues to Debt Collectors

22 August 2013

ARM Industry Veteran Does the Right Thing for War Veterans

22 August 2013

Stellar Recovery Named to Florida Fast 100 Finalist List

22 August 2013

ConServe Ranks No. 2971 on the 2013 Inc. 5000 with Three-Year Sales Growth of 115%

22 August 2013

I Want to Sell My Business, but What If Word Gets Out?

21 August 2013

Automated Collection Services Named on Inc. 5000 List of America’s Fastest Growing Private Companies

21 August 2013

When is a Lawyer or Law Firm "Regularly" Collecting Debts Under the FDCPA?

20 August 2013

Professional Credit Service Employees "ReachOut" to St. Vincent de Paul of Lane County

19 August 2013

What Does the Decreasing Unemployment Rate Foretell for Collection Agencies?

16 August 2013

Getting it Almost Right Still Puts Collection Agencies on the Wrong Side of the FDCPA

15 August 2013

insideARM's Comments Section: A User's Guide

15 August 2013

NRA Group, LLC, Named to Central Penn Business Journal’s Top 100 Private Companies

15 August 2013

Monarch Recovery Management Enhances Online Web Payments with BillingTree

15 August 2013

Harnessing the Power of Electronic Communication

15 August 2013

NCB Reports Nearly $600M in Portfolio Acquisitions First Half 2013

14 August 2013

Charge of FDCPA Violation Dropped by Consumer Against Collection Law Firm

14 August 2013

Harris Interactive and Credit Karma Play a Weird Game of "Would You Rather" with Debt

14 August 2013

Stellar Recovery, Inc. Named to Fifty Fastest Growing Companies in Jacksonville, FL at No. 8

14 August 2013