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How are Fintech startups changing debt collection?

True Accord

Here are four major ways that technology-driven companies are redefining the collections industry. Traditional debt collection agencies primarily contact consumers over the phone. Digital debt collection solutions have a significantly smaller physical footprint than their traditional counterparts.

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Recourse Factoring and How it Can Benefit Your Business

Debt RR

Businesses can attempt to collect debt internally, putting a lot of time and resources into establishing processes and procedures, or they can use a debt collection agency that already has these processes in place. Using a debt collection company saves time and money, but what are some of the ways they can help a business?

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Hot to Remove Credit Collection Services From Your Credit Report

Better Credit Blog

Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. Keep in mind the end goal of all collection agencies is to get money. Knowing Your FDCPA Rights.

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Debt Collectors, Payday Lenders Collected Over $500 Million In Federal Pandemic Relief

Collection Industry News

While the CFPB does not verify all of the complaint narratives, The Post may be undercounting the number of such companies because some may have received loans under business names that differ from those reported in enforcement and complaint records. It received $1.5 million from the federal loan program. Andrew Harnik/AP).