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What Is First-Party Fraud?

Fico Collections

From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. What Is First-Party Fraud?

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

Fico Collections

Positive Signs for Debt Resolution. Many consumers have been paying down debts; outstanding credit card debt decreased 3.7% there’s plenty of capital available and relatively modest collections portfolios, with most creditors reporting lower collections volumes than expected.