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What Should You Know If You Have Debts In Collections?

Taurus Collect

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Debt collection is a process that gives debtors certain rights that debt collection agencies must respect. Taurus Collections (UK) Ltd. is here to assist!

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New Study Reveals Unprecedented Levels of Debt for Americans

The Kaplan Group

Although the total amount of debt decreased temporarily after the subprime crisis in 2008, the debt burden has been growing at a rapid pace since then, outpacing inflation. As an exception, credit card debt has shown minimal growth since 2023, and from 2010 to 2016, it was even lower than in 2003.

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

Fico Collections

Positive Signs for Debt Resolution. Many consumers have been paying down debts; outstanding credit card debt decreased 3.7% For this reason, automation of data retrieval is key. But beyond the challenges of regulatory change, it’s not all doom and gloom for lenders. Automate and Escalate.