How Does Portfolio Recovery Work?
Portfolio recovery is the business of purchasing delinquent debt and then attempting to collect the money from the original debtor. Companies involved in portfolio recovery are known as debt buyers. Portfolio recovery companies acquire large volumes of unpaid...
Trends in Debt Collection Outsourcing
In recent years, the landscape of consumer finance has undergone significant transformations, leading to an alarming increase in debts across various sectors. According to Gitnux Market Data, approximately 70 million Americans have a debt in collections. With...
How Does Medical Debt Affect Your Credit Report?
According to a report published by the Kaiser Family Foundation, Americans owe at least $220 billion in medical debt. In the United States, approximately 14 million people have medical debt exceeding $1,000, and approximately 3 million have debt exceeding $10,000. The...
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