Debt collectors  are busier than ever, as the economy continues to spiral downward. The economy causes people lose their jobs and they have trouble paying bills and meeting their debt obligations. President of the Virginia Collectors Association and president of Revenue Recovery Consultants Inc. in Fairfax, said debt collectors are working harder [Read Full Story]

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A debt collector who set up a Downtown collection agency despite a history of bullying consumers was arrested yesterday for failing to surrender to serve his sentence on a weapons conviction. Tobias Boyland, 33, of Buffalo, was arrested by Robinson police and members of the U.S. Marshal’s Western Pennsylvania Fugitive Task Force who found [Read Full Story]

A debt collection company that works on a no recovery, no fee collecting basis has the highest possible motivation to collect on a business’ delinquent accounts. This is because they only receive compensation if they successfully achieve their objective. Other collection agencies will be paid for performing their services regardless of the [Read Full Story]

There are rules about debt collection – and from time to time, they need to be updated. Right now, the Office of Fair Trading (OFT) is working on new guidance for debt collection, aiming to eliminate what it sees as unfair practices in this area. As the OFT has stated, all `debt enforcement tools` must [Read Full Story]