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

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 ...

While Elon Musk’s $44 billion buyout of Twitter closed in 2022, there has been no shortage of buzz around the business magnate and how the social media giant has operated post-buyout. Case in point: ...

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 ...

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

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of the issues is that the debt collections process can feel ...