Debt Collection Agencies: If a creditor is unable to recover the debt it may hire or sell the debt to a third-party company like a debt collection agency. They then become responsible for collection ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While debt management plans are often confused with other types of debt ...

The debt collection process is a system for creditors to recover overdue amounts from debtors, and it's vital for a functional credit system. However, it can cause stress and confusion for the ...

Digital debt collection Fintech TrueAccord is focused on redefining the industry by harnessing Robotic Process Automation (RPA) bots. This digital technology streamlines operations while also ...

Debt settlement is a process through which individuals and businesses can negotiate with their creditors to reduce the amount of debt owed, often by a significant percentage. It is a viable option for ...

The good news is, though, that unlike criminal cases, debt collection lawsuits are civil matters, and most medical debt lawsuits won't make it to trial because both parties benefit from reaching an ...

Debt collection lawsuits filed in Texas have exploded by 73 percent over the last decade. For people who find themselves in the crosshairs of creditors, the debt collection process can seem confusing ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Whether you owe it or not, receiving a debt collection notice can conjure up feelings of anxiety, worry and perhaps confusion, ...

Artificial intelligence offers debt collection companies the opportunity to vastly improve margins while achieving higher levels of regulatory compliance and maximizing scalability, writes Ohad Samet, ...

The Internal Revenue Service was fairly lenient with past-due tax bills during the pandemic, but collection efforts are back in full force this tax season. The agency is ramping up efforts to collect ...