More Than Half of Debt Collection Companies Saw Increased Volume of Accounts in Past 12 Months
January 15, 2025 08:00 ET
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TransUnion
CHICAGO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- More than half (52%) of debt collection companies have experienced an increased or significantly increased volume of accounts placed or acquired over the...
Collections Industry Increasing Communications Channels, Diversifying Areas of Business
December 06, 2023 07:57 ET
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TransUnion
CHICAGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- While nearly all (98%) third-party collections companies use letters to reach consumers, just 40% have adopted text or SMS messaging to consumers—compared...
Collections Industry Sees Significant Split Between Large and Small Firms’ Investments in Customer Contact Channels
December 07, 2022 08:00 ET
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TransUnion
CHICAGO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- More than one in three (37%) collections firms are now using text/SMS messaging — a modest increase from last year when 31% were utilizing this...
Collections Industry Increases Hiring and Technology Investments While Preparing for the “Next Normal”
November 15, 2021 08:00 ET
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TransUnion
CHICAGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- A new report by TransUnion (NYSE: TRU) and Aite-Novarica Group found that the collections industry is boosting hiring and technology investments as it...
Third-Party Debt Collections Industry at a Crossroads as Slow Technology Advancements Impede Industry
November 05, 2019 08:00 ET
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TransUnion
CHICAGO, Nov. 05, 2019 (GLOBE NEWSWIRE) -- The collections industry is at a crossroads. Collections balances in the U.S. continued to grow in the last decade, yet at the same time, the number of...
VWA and American Moving & Storage Association Join Forces to Offer Accounts Receivables Services to Nationwide Membership
April 27, 2010 11:13 ET
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Vengroff, Williams and Associates
LOS ANGELES, CA and ALEXANDRIA, VA--(Marketwire - April 27, 2010) - Vengroff, Williams and Associates (VWA), Inc., the global domain leader for Order to Cash Business Process Outsourcing, today...