collection agency

(redirected from Debt collection)
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Related to Debt collection: debt collectors

collection agency

Any individual, organization, or unit that has access to sources of information and the capability of collecting information from them. See also agency.
References in periodicals archive ?
BANKING AND CREDIT NEWS-September 5, 2019-Research and Markets adds consumer debt collection report 2019 to offerings
M2 EQUITYBITES-September 5, 2019-Research and Markets adds consumer debt collection report 2019 to offerings
Global Banking News-September 5, 2019-Research and Markets adds consumer debt collection report 2019 to offerings
M2 PRESSWIRE-September 5, 2019-: Global Debt Collection Software Market Report 2019-2024 - Market to Grow from $2.9B in 2019 to $4.6B by 2024
Release date- 29082019 - According to a research report 'Debt Collection Software Market by Component (Software, Services), Organization Size, Deployment Type, User Type (Financial Institutions, Collection Agencies, Healthcare, Government, Telecom & Utilities), and Region - Global Forecast to 2024', published by MarketsandMarkets, the global debt collection software market size is expected to grow from USD 2.9 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 9.6% during the forecast period.
HFC and JLFS customers who fell into arrears between 2003 and 2009 were referred to solicitors and hit with a charge representing 16.4% of the outstanding balance as a "debt collection" fee.
Borrowers who fell behind on credit and store cards in those years were passed on to solicitors who added 16.4 per cent to outstanding balances as a "debt collection charge".
Data continue to show that the Private Debt Collection program is working.
Borrowers who fell behind on credit and store cards in those years were passed on to solicitors who added 16.4% to outstanding balances as a "debt collection charged".
SEC readies penalties against unfair debt collection practices !-- -- (Philstar.com) - May 23, 2019 - 5:42pm MANILA, Philippines The Securities and Exchange Commission has released a draft memorandum circular that proposes penalties and sanctions against financing and lending companies that use threats and other unfair debt collection practices.
A proposed debt collection rule announced Tuesday by the Consumer Financial Protection Bureau (CFPB) would allow collectors to send unlimited text messages and emails to those who owe money, while limiting calls to seven times a week.
DEBT collection firms are being urged by the financial ombudsman to improve the way they deal with vulnerable customers.