Debt collection

Debt Collection Software Market Worth $4.6 Billion by 2024 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, August 29, 2019

This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection.

Key Points: 
  • This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection.
  • Moreover, the need for multichannel communication to reach debtors and improve the collection process through automation is likely to drive the growth of the debt collection software.
  • This has created opportunities for vendors to provide services to different stakeholders of debt collection ecosystem and help them deal with complexities while configuring modern debt collection software.
  • North America is expected to account for the largest share of the Debt Collection Software Market in 2019.

Debt Collection Software Market Worth $4.6 Billion by 2024 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, August 29, 2019

This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection.

Key Points: 
  • This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection.
  • Moreover, the need for multichannel communication to reach debtors and improve the collection process through automation is likely to drive the growth of the debt collection software.
  • This has created opportunities for vendors to provide services to different stakeholders of debt collection ecosystem and help them deal with complexities while configuring modern debt collection software.
  • North America is expected to account for the largest share of the Debt Collection Software Market in 2019.

Student Loans Scams May End Via Free Debt Settlement Technology That Helps Protect Consumers Against Deceptive Debt Recovery Practices

Retrieved on: 
Tuesday, August 27, 2019

The ground-breaking debt settlement App and web-based debt negotiation platform, SettleiTsoft, empowers users to protect themselves against predatory and deceptive debt collection practices.

Key Points: 
  • The ground-breaking debt settlement App and web-based debt negotiation platform, SettleiTsoft, empowers users to protect themselves against predatory and deceptive debt collection practices.
  • By using this affordable technology, consumers in economic distress should be able to stop harassing debt collection calls, negotiate debt settlement arrangements for unpaid debts, and retake control of their financial lives.
  • The Federal Trade Commission has recently filed several lawsuits against debt settlement and debt collection companies.
  • The free debt relief App - SettleiTsoft - allows users to streamline the debt negotiation and debt settlement process; enabling the entire operation to be fully automated and accessible anywhere, anytime.

UK Consumer Debt Collection and Debt Purchase Market Trends, Drivers and Restraints During the Forecast Period, 2019-2023 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, August 20, 2019

The "UK Consumer Debt Collection and Debt Purchase Market Insight Report 2019" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Consumer Debt Collection and Debt Purchase Market Insight Report 2019" report has been added to ResearchAndMarkets.com's offering.
  • This report covers the UK consumer debt purchase and debt collection markets:
    Debt purchase involves buying the actual debts and the right to collect them.
  • The debts relate mainly to consumer credit, but also include other consumer debt.
  • UK Consumer Debt Collection and Debt Purchase: Market Insight Report 2019

United States Credit Card Charge-Off Collections Report 2019: Tightening Credit Management: Third Party Collections Augment Bank Card Issuers? Strategies to Control Loss

Retrieved on: 
Monday, August 19, 2019

DUBLIN, Aug. 19, 2019 /PRNewswire/ -- The "Credit Card Charge-Off Collections Takes Brains not Brawn" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 19, 2019 /PRNewswire/ -- The "Credit Card Charge-Off Collections Takes Brains not Brawn" report has been added to ResearchAndMarkets.com's offering.
  • The Consumer Finance Protection Bureau is in the process of modernizing the Fair Debt Collection Practices Act (FDCPA), which is an appropriate move for the credit card industry.
  • It is the perfect time for credit card issuers to consider their current collections strategies while the economy is performing well.
  • Credit Card Charge-Off Collections Takes Brains not Brawn report explains the importance of third-party collection agents and why proposed regulatory updates are appropriate for the U.S. credit card business.

United States Credit Card Charge-Off Collections Report 2019: Revolving Debt Trends 1968-2027F - ResearchAndMarkets.com

Retrieved on: 
Monday, August 19, 2019

The Consumer Finance Protection Bureau is in the process of modernizing the Fair Debt Collection Practices Act (FDCPA), which is an appropriate move for the credit card industry.

Key Points: 
  • The Consumer Finance Protection Bureau is in the process of modernizing the Fair Debt Collection Practices Act (FDCPA), which is an appropriate move for the credit card industry.
  • It is the perfect time for credit card issuers to consider their current collections strategies while the economy is performing well.
  • Credit Card Charge-Off Collections Takes Brains not Brawn report explains the importance of third-party collection agents and why proposed regulatory updates are appropriate for the U.S. credit card business.
  • Today, the U.S. credit card market has more than $1 trillion of revolving debt.

Tightening Credit Management: Third Party Collections Augment Bank Card Issuers' Strategies to Control Loss

Retrieved on: 
Friday, August 16, 2019

It is the perfect time for credit card issuers to consider their current collections strategies while the economy is performing well.

Key Points: 
  • It is the perfect time for credit card issuers to consider their current collections strategies while the economy is performing well.
  • Mercator Advisory Group's latest research report, Credit Card Charge-Off Collections Takes Brains not Brawn The report explains the importance of third-party collection agents and why proposed regulatory updates are appropriate for the U.S. credit card business.
  • Readers will learn how the credit card aging process works, why third-party agencies help manage financial institution account overflow, and how the FDCPA creates guard rails for the industry.
  • Revolving debt in the U.S. hit $50 billion," comments the author of the research report, Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group.

Encore Capital Group Announces Second Quarter 2019 Financial Results

Retrieved on: 
Wednesday, August 7, 2019

As a result of the refinancing, the Company incurred a $9 million expense, which impacted both GAAP net income and adjusted net income in the second quarter.

Key Points: 
  • As a result of the refinancing, the Company incurred a $9 million expense, which impacted both GAAP net income and adjusted net income in the second quarter.
  • Key Financial Metrics for the Second Quarter of 2019:
    Estimated remaining collections (ERC) increased $134 million compared to the end of the same period of the prior year, to a record $7.4 billion.
  • Encore will host a conference call and slide presentation today, August7, 2019, at 2:00 p.m. Pacific / 5:00 p.m. Eastern time, to present and discuss second quarter results.
  • Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets.

PRA Group to Announce Second Quarter 2019 Results on August 8

Retrieved on: 
Thursday, July 18, 2019

NORFOLK, Va., July 18, 2019 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2019 results after market close on Thursday, August 8, 2019, followed by a webcast and conference call at 5 p.m. E.T.

Key Points: 
  • NORFOLK, Va., July 18, 2019 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2019 results after market close on Thursday, August 8, 2019, followed by a webcast and conference call at 5 p.m. E.T.
  • To listen by phone on August 8, call 844-835-9982 in the U.S. or 412-317-5267 outside the U.S. and ask for the PRA Group conference call.
  • The Company is also announcing that it currently plans to report third quarter 2019 results after market close on November 7, 2019.
  • With over 5,000 employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt.

Free Software Solution to Protect Consumers Against Fraudulent Debt Recovery Practices

Retrieved on: 
Thursday, July 18, 2019

SettleiTsoft users will be empowered to protect themselves against predatory and deceptive debt collection practices while shielding their own interests and establishing smart digital debt negotiations that best fit their needs.

Key Points: 
  • SettleiTsoft users will be empowered to protect themselves against predatory and deceptive debt collection practices while shielding their own interests and establishing smart digital debt negotiations that best fit their needs.
  • This innovative software platform encapsulates all aspects of the debt negotiation and debt settlement process; making it easy to digitally interact, negotiate debt repayment arrangements, and create online debt settlement agreements for delinquent debts, such as unsecured credit cards, student loans, and medical bills.
  • By using the communication and negotiation tools provided by this free powerful, intuitive software, consumers should be able to stop harassing debt collection calls and retake control of their financial lives.
  • The secure virtual environment provides a new level of protection against fraudulent practices and 24/7 assistance to consumers in financial distress.