Tuesday, March 20, 2012



debt collection industry

debt collection industry
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debt collection industry

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debt collection industry

New Report Exposes Systematic Debt Collection Abuses

by Collection Agency Software

Debt buying companies – a fast-growing segment of the debt collection industry – engage in systematic debt collection abuses that particularly target low-income New Yorkers and people of color, according to a report issued today by The Legal Aid Society, MFY Legal Services, Inc., NEDAP, and Urban Justice Center. The report finds that debt buyers [...]

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Debt Collection Agencies in the US - Industry Risk Rating Report

by Collection Agency Software

Industry Risk Ratings SynopsisThis Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Debt Collection Agencies in the US industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.The report looks at the operational risk associated with this industry. Three types of risk are recognized [...]

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A Reality TV Show About Debt Collectors? Really?

by Collection Agency Software

I get a lot of interesting email in my position as Editor of insideARM.com.  Besides all of the bizarre news that we opt not to run, I get letters from consumers who think I should personally keep all collectors in check and letters from collectors telling me that it’s my job to make sure every [...]

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FTC Complaints Against Debt Collectors Don't Tell Whole Story: ACA

by Collection Agency Software

In 2009, consumer complaints to the Federal Trade Commission about third-party collectors increased in absolute terms, but decreased as a percentage of overall consumer complaints filed with the agency, the FTC said in its annual report to Congress. The FTC received 88,190 Fair Debt Collection Practices Act (FDCPA) complaints about third-party debt collectors in 2009, [...]

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What to Do When the Debt Collector Sues

by Collection Agency Software

If you're behind on paying your bills - and who isn't, these days? - it's tempting to let the mail pile up. After all, who wants to face yet another reminder that their financial house isn't in order? Ignoring the bills and debt collection calls can have a significant drawback, however, if a debt collection [...]

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