Credit Corp

SEPTEMBER 29, 2020

However, an unpaid charge off still looks bad to potential creditors and can limit your options when it comes to loans such as mortgages. Can Creditors Attempt to Collect Charged Off Debt? You still owe the debt, and the company can still attempt to collect the debt. Charge offs don’t mean your debt was forgiven.

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Collection Industry News

MARCH 30, 2025

The growth in the historic period can be attributed to rising consumer debt levels, economic downturns, growth in unsecured loans, expanding credit access, and elevating regulatory compliance requirements. The debt collection agencies market size is expected to see steady growth in the next few years. It will grow from $29.35

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Re:Ceeve

JULY 21, 2020

These portfolios are, for example, non-performing loans (NPLs) from banks and financial institutions or pooled portfolios in certain industries where individual claims are tiny, but number in the millions. Those days are long gone and so too should be the process of outsourcing collections.

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Better Credit Blog

JANUARY 27, 2021

To legally collect a debt from you, they must first report the debt to the major credit bureaus. This will open a collection account on your credit report, which can cause your score to drop as much as 100 points. Collection accounts are bad news for your credit score and your loan prospects. What is BC Services?

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Debt collector Third-party Debt Collectors Fair Debt Collection Collections 52

The Kaplan Group

APRIL 8, 2025

We explain all of these issues and provide sample language in our free downloadable Six Critical Terms to Enable Higher Collections ebook.

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Better Credit Blog

OCTOBER 14, 2020

AFS collects for businesses in several industries, including the following: Commercial debt. Apartment complex collections. Legal collections. Auto loans. Wondering exactly how the debt collection process works? It also has an office in Raymondville, Texas. How Does Accelerated Financial Solutions Work?

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Debt collector Third-party Debt Collectors Collections Agency Collection Agencies 52

Better Credit Blog

NOVEMBER 24, 2020

ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills. In order to legally collect on your debt, they must first open a collection entry on your credit report. This will make lenders and creditors unlikely to make you loan offers down the line.

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