Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

Financial institutions use artificial intelligence (AI) and machine learning (ML) models to reshape debt recovery. Although you probably haven’t noticed any changes yet — these technologies are ...

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Financial health is crucial to your overall well-being, yet ...

Both Equifax and TransUnion recently rolled out new solutions aimed at helping collection agents get better estimations of potential recovery amounts from delinquent debtors. Both companies launched ...

Many of the nation's largest credit grantors are missing a chance to develop new account relationships through their deceased account recovery practices, according to a recent study released today by ...

Founded in 2020, Neowise Technologies operates in Fintech offering a Debt Collection platform that automates the debt recovery process and reduces non-performing ...

MUMBAI (Reuters) - The Reserve Bank of India (RBI) said on Thursday it would focus on the monitoring of banks' asset quality and help improve the poor debt recovery process in the country, underlining ...