Credit Bureau Debt Recovery Debtor 
Nexa Collect
JANUARY 14, 2023
The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Debtors who would have usually paid quickly are now disputing the collection notices more than ever.
Nexa Collect
JUNE 28, 2022
Credit Bureau reporting is done for free by most agencies. Calls from a debt collector are more impactful than written demands. In a fixed fee service, a debt collector is not involved. They do not perform skip-tracing, which is a more accurate tool to locate the debtor and his phone number.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nexa Collect
JUNE 4, 2022
Moreover, the new business had stopped coming since people were not going to their offices and debt recovery was the last thought in their minds. CFPB rules: On November 30, 2021, the CFPB’s new Debt Collection Rules became effective, becoming a major roadblock for the entire Collections industry.
Burt and Associates
MAY 13, 2025
Negotiation Techniques : Include training on setting realistic payment plans, offering one-time settlements, and recognizing red flags in a debtor ’s promises. Non-Responsive Debtor : Multiple calls, emails, and follow-ups are met with silence or avoidance. Focus on empathy without enabling delinquency.
Collection Industry News
MARCH 30, 2025
billion in 2029 at a compound annual growth rate CAGR of 3.2%, the forecasted growth can be attributed to the upswing of digital commerce, increased lending by financial institutions, increasing credit card usage, international debt recovery, and expanded lending by financial institutions. From an expected value of $34.51
Expert insights. Personalized for you.
130 
Let's personalize your content