Collection Industry News

FEBRUARY 10, 2025

TransUnion (NYSE: TRU) has released its sixth annual debt collections report, revealing that 52% of debt collection companies experienced increased account volumes in the past 12 months. Traditional communication methods remain dominant, with letters (87%) and telephone calls (86%) leading, followed by email (74%).

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Sawin & Shea

JULY 20, 2022

Businesses or individuals who collect debts on behalf of others are known as debt collectors. The majority of debt collectors work for reputable collection companies. Doctors, hospitals, shops, mail-order businesses, and occasionally banks and loan firms all use collection agencies.

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Sawin & Shea

JANUARY 28, 2021

Important Things to Know About Collection Calls. There are also a few important things you should keep in mind about talking to collection companies and creditors. These tips will help you handle collection calls correctly. And they can’t claim they’re going to take action they won’t or aren’t legally allowed to take.

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True Accord

JANUARY 5, 2022

Collections-as-a-Service offering is seamlessly integrated to service customer debt accounts while delivering consumer-friendly, digital-first experiences. As a fintech company itself, TrueAccord knows the fintech business and customer better than most, especially in debt collection,” said Mark Ravanesi, CEO of TrueAccord Corp. “We

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Better Credit Blog

APRIL 1, 2022

If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Credit Corp

MARCH 4, 2025

If your debt has already gone to collections , the collection company isnt required to agree to a payment plan, but it never hurts to ask. This documentation can be helpful if you need to dispute charges or escalate a dispute to a credit bureau or a consumer protection agency.

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