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Capital Recovery Blog

5 Major Factors Affecting Demand for the Collection Industry

MarketResearch reports that the U.S. debt collections industry is worth $15 billion. The U.S. debt collection industry has recorded 2.6% yearly growth since 2017. This growth shows that the demand for the debt collections industry is on the increase. And there are...

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How Does Inflation Impact the Debt Collections Industry?

The mere mention of the word 'inflation' causes dread in the hearts of ordinary people and business leaders alike. Inflation leads to a higher cost of living which means people are forced to borrow more money to meet their monthly expenses. And people get trapped in...

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What Are the Main Consumer Complaints in Debt Collection?

According to the CFP Bureau, they received 82,700 debt collection complaints from consumers in 2020. A ten percent increase more than complaints of 2019.    These stats show that the complaints about debt collection are on the rise. Most complaints result from debt...

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Important Debt Collection Statistics to Know in 2022

Debt collection industry analytics provide deep perception into the U.S. marketplace for expert debt collection offerings. Understanding how the debt collections industry has managed over the last two years of crisis can allow organizations to dive deeper into key...

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How Much do Debt Collection Agencies Charge?

There is no exact amount when it comes to how much debt collection agencies charge because debt collection depends on many factors. The amount owed, size, age of the debts, and many other factors influence how much these debt collection agencies charge.    There are...

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Capital Recovery Employee Spotlight: Bryan

Here at Capital Recovery Partners, we recognize the value of having top-notch team members. Our hiring process allows us to attract and hire employees who become some of the best debt collection personnel. Our commitment to ongoing training and continuing education...

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How an Email-First Strategy Can Drive Revenue

An email-first strategy has proven to be affordably effective when it comes to collection and revenue generation. Aside from eliminating paper mails, customers prefer getting emails before calls or social media messages because an email-first strategy promotes...

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How to Make the Most of Employee Reviews

Employee reviews are instrumental to employee and organizational growth. It's a corporate activity that's beneficial to both the employees and employers when done correctly. Employee review is an evaluation process that sheds more light on an employee's performance to...

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