Certain business models seem to have unshakable stigmas associated with them. Sometimes it’s deserved, such as from decades of unethical or sneaky behavior by players in the industry, and in other ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

The debt collection industry was estimated to be in excess of $13.4B in 2021 with over 7,000 collection agencies. With such fragmentation in the industry, practices by collectors vary widely and the ...

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 ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Over the last two years and now with the ...

There is a difference between billing companies and collection agencies, and anesthesia practices should know the difference in order to set appropriate expectations, according to an Aug. 14 blog post ...

On August 7, Illinois enacted Senate Bill 2457, amending the Collection Agency Act and removing its January 1, 2026 repeal date under the Regulatory Sunset Act. The law retains the licensing framework ...

On June 16, the Nevada governor signed SB 276 (the “Act”) to revise certain provisions relating to debt collection agencies and make amendments to the state’s collection agency licensing law. While ...