Consumer credit reports have been trending upward for months now, which is certainly a positive sign for debt collection agencies. Meanwhile, a recent Equifax study indicated that more good news is on the way, with approximately 1 million consumers dropping out of subprime credit range."Consumer credit scores are improving in most major metropolita...
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Reports from sources including Reuters and The Associated Press regarding this year's 2 percent payroll tax increase have the credit industry wondering if consumers will continue to buy with less money in their pockets.Speculated sales trends aren't all that bad
The prospect could be a positive for the short term lending and debt collection indust...
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A young man in California with no credit history finds he's reported to have a nearly-perfect credit score. A woman in Ohio is denied jobs and home loans when her information is attributed to another, without any evidence of identity theft. Both have been involved in cases of commingled credit, a phenomenon that affects people who share full names ...
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Connecting with consumers is crucial to debt collection agents, and in cases where an individual begins to avoid calls it can become necessary to pursue alternative routes of communication. But how far is too far when attempting to track down a consumer?New technology has given debt collectors advanced ways of reaching the consumers they seek, part...
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After a substantial decline during the recession, the automotive sector has bounced back the past couple years, with consumer credit reports revealing that car sales and auto loans are climbing.According to a recent article by Reuters, asset-based securities (ABS) car loans are starting to make a comeback."Many subprime deals before the crisis empl...
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