Is ‘pay for delete’ finally going mainstream?

Historically, consumers have sometimes been harassed or even intimidated by debt collectors. However, federal guidance and actions against creditors in recent years has led many debt collectors to adopt more consumer-friendly approaches, including the fairly recent concept of “pay for delete.” What is pay for delete? This usually refers to...

AFNI: What you need to know

AFNI is one of the largest contingency debt collection agencies in the United States and provides services to companies in the telecommunications, satellite and cable, health care, and insurance industries. While AFNI is a member of ACA International, the association of credit and collection professionals that establishes professional standards for...

United Collections Bureau: What you need to know

United Collections Bureau (UCB) is one of the largest contingency collection agencies in the United States, providing services to clients in government, health care, utilities, communications, financial services, and student loans. UCB has been accredited with the Better Business Bureau (BBB) since 2013 and has an A+ rating. The BBB...

Client Services, Inc.: What you need to know

Client Services, Inc. (CSI), one of the largest contingency collection agencies in the United States, providing collection services to banks, utility companies, municipalities, county governments, private educational institutions and medical providers, among others. CSI is a member of ACA International, which is the association of credit and collection professionals that...

Alltran: What you need to know

Alltran, formerly United Recovery Services, is one of the largest collection agencies in the country. The company website states an objective of helping individuals and families by resolving their financial issues and helping clients collect for their services. Today Alltran serves clients in health care, government, financial services, and higher...

Cavalry Portfolio: What You Need to Know

Established in 2002, Cavalry Portfolio is a large debt buyer that positions itself as caring for the consumer. The website outlines core values, prioritizing integrity, respect and communication, and links to the consumer education page of the Receivables Management Association International website. Cavalry also uses consumer-friendly language, such as calling...

LVNV Funding/Resurgent Capital: What You Need to Know

LVNV Funding is a large debt buyer that purchases delinquent accounts domestically and internationally from original creditors and  other debt buyers. The collections on those accounts are outsourced to Resurgent Capital Services LP, a third-party debt collector. Resurgent itself may outsource the accounts to third-party collection agencies. When debt changes...

Voluntary vs. Involuntary Bankruptcy

Bankruptcy often carries a stigma that keeps people from considering it as an option for debt relief. However, there are times when it’s the right solution for consumers who are struggling with more debt than income as it provides court protection and a chance to rebuild credit. If your financial...

Debt Consolidation or Chapter 13 Bankruptcy: Which is Right for You?

If you’re considering consolidating debt or filing Chapter 13 bankruptcy, you’re likely facing serious financial distress. Both debt relief solutions may offer you a path to recovery but also present some challenges worth understanding. What is debt consolidation? Debt consolidation usually means taking out a large loan from a creditor...

What is debt settlement?

If you’re finding that your debt has become unmanageable, you may be looking at options for paying it down or resolving it altogether. One approach is to establish a debt settlement plan. This isn’t always the right solution, though, so it’s important to assess your financial situation, understand the risks...

What is debt management?

If you’re struggling with mounting debt you probably already know the challenges that high interest rates and missed payment fees can present. In fact, if you’re making just the minimum payments on your credit cards, it could take you up to 20 years (depending on your balances and annual percentage...

How to Settle Credit Card Debt

The typical American  household is carrying average credit card debt of $9,333 according to recent research. If you’re among them, you  may be dealing with overwhelming debt and looking for a viable solution. Fortunately, there are several options for resolving your debt  and debt settlement may be one of them....