Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of recovered amounts, with businesses paying nothing upfront and only when collections succeed. Collection ...

When a debt goes unpaid for long enough, it can move through a series of hands, first the original creditor, then a third-party debt collector and sometimes even multiple agencies afterward. Each ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Artificial intelligence offers debt collection companies the opportunity to vastly improve margins while achieving higher levels of regulatory compliance and maximizing scalability, writes Ohad Samet, ...

More and more Pennsylvanians are swiping credit cards and finding themselves in too much debt for comfort. But when the debt collection companies start calling, most people don't know what to do. If ...

Phone calls and letters are still going strong in debt collections, but outreach via digital channels such as text and emails is gradually creeping up. So is the use of artificial intelligence and ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

Utilizing data to drive the right approach in a rapidly changing environment is becoming “more impactful to recovery and collections performance than ever.” Those that do will be able to unlock ...