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 ...

Debt Collection Agencies: If a creditor is unable to recover the debt it may hire or sell the debt to a third-party company like a debt collection agency. They then become responsible for collection ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A debt recovery or collection agency helps medical providers, lenders and other businesses collect past-due bills or loan payments. The service works on a commission basis or buys the accounts ...

The law has been enacted for reorganisation and insolvency resolution of corporate debtor. (Reuters) Applications filed under the Insolvency and Bankruptcy Code show a disturbing trend of the law ...

For some Louisiana drivers, debt owed to the Office of Motor Vehicles for insurance violations can spiral beyond their means, leaving them thousands of dollars in the red. “It was too much for them to ...