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Collections Economics 101 for Digital Lenders

True Accord

We sat down with TrueAccord’s Chief Growth Officer, Sheila Monroe , who has held numerous executive-level positions at TrueAccord on top of a multi-decade career in collections, to learn more about the economics of collections and what new lending players should look for when considering a collections solution.

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Can a Debt Collector Collect After 10 Years?

Credit Corp

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Can a debt collector collect after 10 years? Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.

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Consumer Behavior During COVID-19 Crisis Provides Insights Into a New Era of Debt Collection

True Accord

To better understand the effect this uncertainty has had on debt collection, we analyzed data from over 12 million consumers of major banks, issuers, eCommerce companies, and direct lenders. What’s next for debt collection? As the crisis continues and consumer payments are slowing, debt collectors must adapt to survive.

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How to Remove AAA Collections from Your Credit Report

Better Credit Blog

If you forget to pay a bill, the original creditor may move the debt to collections. This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. If you start getting calls from AAA Collections, it means that they have opened a collections account on your credit report.

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There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collection Industry News

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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What Bills Help Build Your Credit?

Credit Corp

No lender or service provider has to do it. A lender that didn’t previously report might begin doing so—and vice versa. Many of these traditional lenders report to all three bureaus, but not all do. Some lenders and service providers only report to the credit bureaus if you’re late with your payments.

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TrueAccord Announces Organizational Changes to Executive Leadership Team

True Accord

Digital-first debt collection fintech readies for continued B2B and B2C expansion with strategic leadership reorganization. Since joining TrueAccord in 2019, Ravanesi has served as vice president of client success and CRO, playing integral roles in growing the sales organization and leading the company’s analytics and client-facing teams.