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 percentage of Americans with at least one account in the third party debt collection system jumped to 14.3 percent in the first quarter of 2014, according to a report released Tuesday by the Federal Reserve Bank of New York.
Contract Callers, Inc. (CCI), a leading provider of first and third party call center and utility field solutions, today announced its Business Affiliate membership in the Telecommunications Risk Management Association (TRMA)
Integrity Solution Services, Inc. (Integrity), announced today that it has contracted with Strategic Partners Network, LLC (SPN) to provide business development and consulting services to expand the company’s footprint in the telecommunications and utility markets.
Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce that Michael Magarrell has joined the company as Vice President of Strategic Accounts. Drawing on his more than 27 years of experience in the debt collection industry, Magarrell will lead ACT’s expansion into the auto, financial, […]
British Telecom (BT), one of the world’s leading communications services companies, has extended its third party vendor management relationship with TDX Group, the global provider of data and technology-driven debt solutions, until January 2018.
Contract Callers, Inc. (CCI) announced today that Jack Engel has joined the company to further expand their accounts receivable and outsourcing portfolios in the telecommunication and cable verticals.
Selling uncollectable or “bad” debt has become a new and exciting prospect for many utility companies. However, there can be pitfalls and issues when selling bad debt.
The percentage of American consumers with at least one account in the third party debt collection system fell sharply in the third quarter of 2013, according to data released Thursday by the Federal Reserve Bank of New York. But the average balance of accounts in collection increased sharply.