Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

Paying off collections improves your finances, but what happens to the negative mark on your credit report?

Phone calls and letters are still going strong in debt collections, but outreach via digital channels such as text and emails is gradually creeping up. So is the use of artificial intelligence and ...

Debt collection is changing fast. AI-powered systems are replacing traditional call centers, operating 24/7 to recover debts while maintaining customer satisfaction. For banks, fintechs, and ...

The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

Southwest Recovery Services has released a guide on third-party B2B invoice recovery for mid-market businesses, drawing on 20 years of commercial debt collection experience. Addison, United States, ...

Financial institutions use artificial intelligence (AI) and machine learning (ML) models to reshape debt recovery. Although you probably haven’t noticed any changes yet — these technologies are ...