Collections Consumer Credit Personal loans 
True Accord
MARCH 5, 2024
Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York , leading to a shift in consumer spending for 2024. If there’s one thing we’ve learned from our consumer interactions, including the 16.5
True Accord
JANUARY 21, 2025
We are entering a year of unknowns across the board, from potential regulatory changes to economic fluctuations to varying consumer sentiments, and theres a lot to consider as it relates to debt collection in 2025. Whats Impacting Consumers? What Does This Mean for Debt Collection?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Fico Collections
AUGUST 16, 2021
“Amounts owed” comprises some 30% of the overall FICO® Score calculation and is heavily weighted towards credit card balances and utilization so the observed reduction in credit card debt is helping to drive scores upwards. Fewer consumers are actively seeking credit. There has been a 12.1% The Other Side of the Coin.
Account Recovery
SEPTEMBER 30, 2024
Judge Rules Debt Collection Lawsuit Waives Arbitration Clause A District Court judge in Maryland has denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act case, ruling that the defendant waived its right to arbitrate by engaging in prior litigation. More details here.
Collection Industry News
MARCH 19, 2024
Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York, leading to a shift in consumer spending for 2024. If there’s one thing we’ve learned from our consumer interactions, including the 16.5
Fico Collections
APRIL 28, 2022
BNPL loans are cited as a potential driver of greater financial inclusion, both in terms of consumer access to the BNPL loan themselves, as well as access to credit products that could enable unbanked and underbanked consumers to establish (or re-establish) their credit histories with one or more of the Consumer Reporting Agencies (CRAs). .
True Accord
APRIL 5, 2023
With uncertainties about how the end of various pandemic-era benefits will impact consumers, it’s more important than ever for creditors and collectors to implement strategies that consider consumer situations and preferences when attempting to collect. What’s Impacting Consumers and the Industry?
Expert insights. Personalized for you.
114 
Let's personalize your content