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

Get your business out of debt with our guide to the debt collection process and see expert-backed advice for dealing with ...

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 ...

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

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 ...

With the new collection agency rule of the Consumer Financial Protection Bureau (“CFPB”) having taken effect on November 30, 2021, 1 we thought we could help round out your understanding of the ...

This is an archived article and the information in the article may be outdated.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 ...