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ProVest Introduces a Compliance Solution

Account Recovery

Files can be exported and stored on the client’s system for easy retrieval and used as … The post ProVest Introduces a Compliance Solution appeared first on AccountsRecovery.net. 26, 2022 – ProVest, an industry leader in serving legal process,announced a new compliance solution for its clients.

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41 State AGs Reach Settlement With Breached Collection Agency

Account Recovery

Attorneys general from 41 states have reached a settlement with Retrieval-Masters Credit Bureau, which operated a collection agency under the name of American Medical Collection Agency, stemming from a data breach in 2019 that exposed the personal information of more than 7 million individuals.

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What Should You Know If You Have Debts In Collections?

Taurus Collect

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Above all, do not rush to make payments to a debt collector if you cannot recognize the debt they are trying to retrieve.

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States with The Biggest Debt Burdens

The Kaplan Group

The data was retrieved on May 23, 2024. Methodology We used Google Trends data for the past 12 months (June 2023 – May 2024) to analyze search interest related to “debt relief” across the US and specific states. Debt-to-income ratio data was obtained data on state-level debt-to-income ratios from the Federal Reserve.

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New Study Reveals Unprecedented Levels of Debt for Americans

The Kaplan Group

Data were retrieved for auto loans, mortgages, credit cards, and student loans since 2003. It highlights the urgent need for action to tackle the escalating household debt crisis in America. Methodology We analyzed the State Level Household Debt Statistics from 2003 to 2023, sourced from the Federal Reserve Bank of New York.

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9 Steps to Improve Contact Data Quality in Debt Collection

Fico Collections

In consequence, a segmented approach should be taken when deciding on method and effort for contact data retrieval. For this reason, automation of data retrieval is key. The value of valid contact data might vary from customer to customer, depending on customer value, outstanding balance, and phase of the customer life cycle.

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3 Red Flags That Your Business Need Debt Collection Help, ASAP

Credits Inc

You can try to retrieve debts in-house, or you can hire a collection agency to track down and retrieve what is owed. Overall, 29% of debt collected by agencies has aged 90 days or less, but many agencies specialize in retrieving older debts. When this happens, you have one of two options. Both of these methods have their merits.