Several types of laws regulate the debt collection industry. Regulations are intended to curtail the excesses of these debt collectors because where there are no laws, there are no offenders. These regulations look out for consumers while keeping debt collectors in...
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
What Are The Biggest Types of Consumer Debt?
People facing tough times fall into a debt trap for many reasons. They may have a hard time matching the rise in inflation and can resort to quick loans for their household expenses. Or they may have a hard time getting out of debt and end up refinancing their loans —...
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...
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...
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...
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...
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...
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...
How to Optimize Reimbursement and Boost Revenue for Your Practice
Optimizing reimbursement and boosting revenue should be one of every practice's top priorities, as reimbursements are needed to keep the practice financially afloat. The U.S. Department of Commerce reported that an account 60 days past due has a 70% chance of...
