Survivors of deceased debtors may suffer consequences

Mar 26, 2012 Mike Garretson

Death-debt collection is an emerging sector in the collection industry, as more agencies are attempting to procure funds from surviving relatives of deceased debtors, the Times Free Press reports.Often called "survivor recovery services,"


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College enrollment, loans increasing

Mar 25, 2012 Mike Garretson

Debt collection agents are being overrun with cases involving people defaulting on student loans, a trend that will probably continue to occur as more young adults take out loans to pay for tuition and other school expenses.West Virginia University's


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Expert: High consumer debt to prolong economic recovery

Mar 24, 2012 Mike Garretson

Consumer debt is expected to remain a problem for years to come, enough to convince many analysts that it will prolong the time it takes the economy to recover. Karen Dynan, a former Federal Reserve economist, is one of the experts expressing


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Consumer Financial Protection Bureau finds student debt higher than previously thought

Mar 24, 2012 Mike Garretson

Consumer Financial Protection Bureau finds student debt higher than previously thought

The Consumer Financial Protection Bureau released findings recently to the Consumer Bankers Association conference suggesting estimates of student debt published by the Federal Reserve Bank of New York were far too low. Debt recovery services


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Library goes after delinquent debtors, sets deadline for payment

Mar 24, 2012 Mike Garretson

In December, the Lancaster Public Library in Pennsylvania vowed to receive assistance from a debt collection service to recoup more than $220,000 in late fees, Lancaster Online reports.According to WHP-TV, the facility has finally laid down


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