Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

A debt can be sold to a collection agency if you miss several payments on an account. A collection account stays on your credit report for approximately seven years. Collection accounts decrease your ...

WalletHub collected data from the end of 2025 and ranked the states with the most and least debt collection accounts.

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of the issues is that the debt collections process can feel ...

Tom Gillespie is an industry leader in debt collection. He is The President of Access Receivables Management in Hunt Valley, Maryland. This year, numerous creditors have told me that their days sales ...

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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 ...

GREENSBORO, N.C. — If you’ve ever been contacted by a collection agency over medical debt, you’re not alone. Over 40 million people have unpaid medical bills ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. These two phases often get lumped together in conversations about debt, ...

Some in Northeast Ohio have recently received letters from a collection agency, but not for unpaid utility bills. A private company operating the controversial traffic cameras for the village of ...