Tag: debt

Locating individuals quickly and accurately is crucial for debt collectors and lenders. Our skip tracing software addresses these challenges.

Using AI in debt collection can help financial institutions leverage technology to ensure more accurate and timely collections.

Discover how to create a successful collections strategy to maximize recovery rates through communication, choice, and control.

The CFPB recently issued a NPRM to implement the FDCPA. If you aren’t ready for the new CFPB regulation, what are you waiting for? Read more!

Have you seen the latest TCPA class action lawsuit? Now more than ever, it’s crucial to build effective and cost-efficient contact strategies. But how?

Debt management is becoming increasingly complex. People don’t answer their phones anymore. There are many, many communication channels available (email, text, website, etc.) and just as many preferences from consumers regarding how they communicate.

New year, new personal loans. As Americans kick off the year seeking debt consolidation, consumer insights shed light for your future marketing efforts.

Tax season sees collections growth every year, as many use their tax refund to pay down debt. Find these consumers to maximize your collections efforts.

The holidays can be a stressful time for consumers — and an important time for lenders to anticipate the aftermath of big credit card spending

A recent Experian credit trends study showcases the types of debts Americans have, the amounts they owe and the differences between generations. Nationally, the average debt in the United States is $78,030 and the average VantageScore® credit score is 751. The debt and VantageScore® credit score distribution for each group is listed below, with the 30 to 46 age group carrying the most debt and the youngest age group (19 to 29) carrying the least: Age group Average debt Average VantageScore® credit score 66 and older $38,043 829 47 to 65 $101,951 782 30 to 46 $111,121 718 19 to 29 $34,765 672   Get your VantageScore® credit score here Source: To view the complete study, please click here VantageScore® is owned by VantageScore Solutions, LLC

Findings from the Q2 Experian Business Benchmark Report showed that the amount of delinquent debt has increased significantly for the largest and smallest businesses. Very large businesses (those with more than 1,000 employees) had the greatest shift in percentage of dollars delinquent, shifting from 11.6 percent in June 2010 to 18.2 percent in June 2011, and very small businesses (those with one to four employees) had the greatest shift in percentage of dollars considered severely delinquent, increasing from 9.9 percent to 11.7 percent year over year. Conversely, the Q2 report indicated that mid-size businesses (those with 100 to 249 employees) have shown the greatest improvement in percentage of dollars delinquent and severely delinquent, reducing their debt by as much as 7.3 percent and 35.8 percent, respectively, year over year. Download previous reports and view a visual representation of this data broken down by state in an interactive map. Source: Download the current Business Benchmark Report