LONDON--(BUSINESS WIRE)--According to the latest procurement intelligence report from Technavio, the global credit collection and collection agency services market is expected to grow at an impressive ...

LONDON--(BUSINESS WIRE)--The Credit Collection and Collection Agency Services market size is expected to grow over USD 40 billion at a Compound Annual Growth Rate (CAGR) of 12.00% during the forecast ...

No matter how good your services or products are, some consumers will renege on their agreement to pay for them. This is why, when possible, it's wise to require payment before you render services.

In order to keep your business ventures afloat, you must collect payment for your products or services. Unfortunately, not all customers are reliable. You likely have more pressing demands on your ...

Cash flow is critical to a business’s survival, so unpaid invoices could deal a fatal blow. Delays in payments can create big problems when it comes time to meet payroll, service debt, and manage ...

Although debt collection agencies often have a (sometimes well-deserved) poor reputation, they can provide essential services to businesses to free up capital, help maintain good relationships with ...

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 ...

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 ...

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 ...

As a creditor, hiring a collection agency can feel like a worrisome last resort, and as a debtor, dealing with collection agencies can be highly stressful. In both cases, knowing the provisions of the ...