The third-party debt collection industry returned some $45 billion to creditors and other clients in 2013, according to a study released today by ACA International. The report, based on a survey and other statistical analysis by Ernst & Young, is the latest in a series of comprehensive industry studies.
A joint study from the think tank Urban Institute and debt buyer Encore Capital Group released today reported that more than 35 percent of U.S. adults with a credit report have accounts that qualify to be in some stage of the debt collection system. The average balance of those accounts is $5,178.
The issue of Ohio Attorney General Mike DeWine’s alleged favoritism in rewarding a debt collection contract boiled over on the weekend as his office released official collection totals for last year and a prominent newspaper published a blistering editorial on the matter.
Ordinarily, a company’s political contributions don’t make waves, unless they are of an unusual size. But when the largest government-focused collection agency is making the donations to a candidate running for the largest office in a state known for largeness, then you’ve got yourself a scandal.
MyGovWatch.com has concluded a research effort revealing that an estimated 67% of government and higher education requests for proposals (RFPs) are real opportunities available to collection agency vendors.
MyGovWatch.com, a website that tracks government and student loan collection services purchasing nationally, announced today that it has launched a revamped version of its Vendor Center, a feature that lets users look up price quotes, documents, and other activities of competitors.
Net Gain Marketing, Inc. (NGM) today announced that it will offer ten free leads to new clients in 2014 to celebrate the company’s ten years in business. Any company that signs a new contract with NGM during 2014 can take advantage of this offer at any time.
The district attorney in Lane County, Ore. said recently that his office’s check diversion program will shut down because of a new debt collection law set to take effect January 1. The DA believes the new law would make check collection more expensive and potentially expose the office to FDCPA lawsuits.
MyGovWatch.com, which tracks government and student loan collection services purchasing nationally, is now offering an unprecedented, limited-time promotion for new clients through December 31st. Any company that signs a trial contract to access the website for the month of December will receive three user licenses for the price of one, and the month of December will be free of charge.
Net Gain Marketing, Inc. (NGM) today announced that clients who have outsourced some or all of their requests for proposal (RFP) responses to NGM to pursue public and private sector business opportunities have now earned in excess of $100 million in fees as a result of wins through the RFP process.