Debt collectors are heroes or villains, depending on your point of view. If you own a business and are owed money, hiring a debt collector can help you get it back. If you are the person who owes ...

Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of recovered amounts, with businesses paying nothing upfront and only when collections succeed. Collection ...

Generally, the clock starts on the statute of limitations on debt after the last account activity. In some states, the clock starts when you first miss a payment on your debt. The statute of ...

A large debt collection company in the United States was recently accused of violating federal consumer protection laws. The Consumer Financial Protection Bureau filed a proposed order that, if ...

Phone calls and letters are still going strong in debt collections, but outreach via digital channels such as text and emails is gradually creeping up. So is the use of artificial intelligence and ...