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 FCC last week threw another clarifying wrinkle in the struggle to understand “express prior consent” to call a cell number for the purpose of debt collection. In an amicus brief, the agency explored some nuance in its 2008 TCPA declaratory ruling while clarifying another ruling from this year.
As we note every year, free participation in the program entitles companies to valuable data on the way they run their businesses. But what, exactly, is available?
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.
insideARM.com’s annual Best Places to Work in Collections program, now in its seventh year, is officially open for registration!
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, […]
Receivables Performance Management (RPM) is excited to announce that it has completed some internal leadership changes at its headquarters in Lynnwood, Washington.
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.