The debt collection industry was estimated to be in excess of $13.4B in 2021 with over 7,000 collection agencies. With such fragmentation in the industry, practices by collectors vary widely and the ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of the issues is that the debt collections process can feel ...

If you have a professional background in debt collection, starting a home-based collection agency may be the career path for you. These types of businesses are responsible for collecting financial ...

Certain business models seem to have unshakable stigmas associated with them. Sometimes it’s deserved, such as from decades of unethical or sneaky behavior by players in the industry, and in other ...

In order to keep your business ventures afloat, you must collect payment for your products or services. Unfortunately, not all customers are reliable. You likely have more pressing demands on your ...

The decision to send someone to collections is one that should be given serious consideration. Federal law governs how you and the collection agencies you hire can and cannot attempt to collect a debt ...

With the new collection agency rule of the Consumer Financial Protection Bureau (“CFPB”) having taken effect on November 30, 2021, 1 we thought we could help round out your understanding of the ...

Uncle Sam needs some help collecting unpaid taxes, so the Internal Revenue Service will now use private companies to tackle this growing backlog of debt. Subscribe to read this story ad-free Get ...

The city of Yonkers, N.Y., has amended its Consumer Protection Code to include revised requirements for debt collection agencies. Processing Content The changes include the following sections: ...