Increase in mortgage rate and its impact on the debt collection industry
The real estate market is in flux, and the rise in mortgage rates can influence both prospective...
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TOP 10 PERKS OF REVENUE CYCLE MANAGEMENT OUTSOURCING
Introduction Hospitals suffer enormous losses of over $68 billion annually due to billing...
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Supreme Court’s Student Loan Relief Rejection: What it Means to the Borrowers?
The rise in tuition fees, followed by tremendous economic pressure due to the pandemic, has...
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Ensuring Regulatory Compliance: How FinTech Companies Use AI in Digital Debt Collections
Today, total household debt in the United States is at a record-setting high of $16.5 trillion, and...
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Using Omnichannel Communication to Collect Student Loan Debt
In the post-Covid era, Student loan debt collection is dominating the headlines in the U.S....
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Trends That Make Digital Debt Collections a Necessity
Household debts are at an all-time high, delinquencies have skyrocketed, and more and more people...
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Shifting Demographics of Debt: Collection Practices to Recover Debt From Millennials
The millennial generation, which includes young people born between 1980 and 1995, is the largest...
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Is Your Third-party Debt Collection Partner Compatible with FDCPA? Find Out NOW!
Currently, consumers are up to their eyeballs in debt and often have multiple creditors knocking on...
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Differences Between First Party and Third Party Collection Services
Understanding the fundamental difference between first-party and third-party collection services...
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The Role of Empathy in the Debt Collection
Consumers think that empathy in debt collection is an essential aspect. But unfortunately, it's...
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