Collection Industry News

FEBRUARY 7, 2022

The company agreed to cancel $1.7 BOSTON — Navient, a major student loan collecting company, agreed to cancel $1.7 Navient is and has been continually focused on helping student loan borrowers understand and select the right payment options to fit their needs,” Chief Legal Officer Mark Heleen said in a statement.

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Taurus Collect

JUNE 13, 2022

However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways. Debt collection varies depending on the company collecting the debt. The Process. How do reputable debt collectors operate?

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.

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Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! These companies typically employ several tactics in order to recover debt, including phone calls, emails, letters, and even legal action.

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Credit Corp

MAY 4, 2021

Rent payments Utility bills Cable, internet or cellphone bills Insurance payments Car payments Mortgage payments Student loan payments Credit card payments Medical bills. In general, car payments, mortgage payments, student loan payments and credit card payments are often reported to the bureaus.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old.

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Collection Industry News

DECEMBER 1, 2022

“A collection agency is a company that is hired by lenders, creditors, medical providers and federal and local governments to get you to pay or make arrangements to pay what you owe them,” Eweka tells Select. Rent, student loans and tax debts are other examples of what can get passed on to a collections agency.

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