One method involves taking out a personal loan from a bank or credit union and using those funds to pay off credit card ...

What collection debt looks like in America: A mid-year look In April 2025, Freedom Debt Relief reviewed data from tens of thousands of people actively looking for help with their debt.

Freedom Debt Relief reports 25% of Americans seeking debt relief have accounts in collections, averaging over $3,000, often linked to maxed-out credit cards.

CINCINNATI (WKRC) — The IRS has resumed its efforts to collect tax debt for the first time since the COVID-19 pandemic, leading to increased financial stress for many individuals.

Digital debt collection Fintech TrueAccord is focused on redefining the industry by harnessing Robotic Process Automation (RPA) bots.

An unnamed major bank increased recovery rates by 30% and cut collection costs in half, ClearGrid claims, while a leading BNPL provider doubled recoveries by automating early-stage debt resolution.

With this acquisition, Perfios aims to enhance its debt management capabilities Founded by Raj MKK in 2018, CreditNirvana is a B2B debt collection startup which leverages its machine learning ...

Don't take what a debt collector says at face value. Do this to verify the validity of the account instead.