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Along with Argent, Citigroup bought one of the industry's biggest and most efficient debt collection operations.
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Another agency, the Federal Trade Commission, on Tuesday won a $3.2 million penalty against Expert Global Solutions, the world's largest debt collection operation, over accusations that the firm harassed consumers.
Learn everything you can about the debt collection process.
Learn how the debt-collection process works, and be savvy.
The Banking Business segment provides regular banking services, credit card business, credit guarantee business, debt collection and business restructuring fund operations.
It may be that the days are over for allowing anyone who has ever run a debt collection company, a time share operation, or a Burger King, to run a college at taxpayer expense.
I say: "I'm calling from State Collection Service, debt collection, attempting to collect debt.
The debt collectors tasked with collecting IRS tax debt must follow the Fair Debt Collection Practices Act.
Congress authorized private debt collection in 2004 as a way to bring in easy-to-collect tax debts.
The Fair Debt Collection Practices Act (FDCPA) is over 30 years old and largely regulates communication pertaining to debt collecting.
Debt collection is always tough.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com