Credit Card Debt Debt Recovery Lender 
True Accord
MARCH 5, 2024
“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.
True Accord
MARCH 29, 2023
Delinquencies are Rising—And Call Centers Can’t Keep Up The first quarter of the year revealed that Americans have almost reached $1 trillion in credit card debt, breaking a record set in 2019. Let’s look at why today’s economic landscape makes omnichannel engagement critical for collections and how your business can get there.
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True Accord
AUGUST 11, 2022
Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. Debt levels are on the rise again: according to the? New York Federal Reserve , between the national student loan debt topping $1.6
True Accord
OCTOBER 7, 2024
economy doesn’t extend to personal finances—consumer expectations for going delinquent on their debt in the next three months hit their highest level since the start of the pandemic. And the share of severely delinquent credit card debt rose to 10.7% of credit card debt more than 90 days overdue in 2023.
Taurus Collect
JUNE 16, 2022
When you have a debt in collection and receive a call/ notice from a debt collector, it indicates that your original creditor has redirected the debt to a debt collection agency or a third party to collect it. The past-due accounts will not be charged off and sent to the collection agency until they become aged debts.
Debt Recoveries
OCTOBER 24, 2021
Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. Money is very cheap at the moment so it’s a great time to go to your bank/lender and ask for a cheaper rate. Pay more than the minimum payment.
Collection Industry News
MARCH 19, 2024
“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.
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