Debt Consolidation
Merchant Processors Collections Agency | High Risk
| August 2, 2021
According to the Federal Reserve, American consumer debt in the United States hit a record $14.6 trillion in the spring of 2021. Merchant processors collections agency merchant accounts provide merchant processing solutions to assist collection agencies with their debt collection efforts. This was a 6% increase from the previous year, totaling over $800 million–the highest
Merchant Account Collection Agency – Debt Recovery Merchant Processors
| July 22, 2021
Debt recovery can be a tricky business. Companies lose millions of dollars every year because of debts that are never recovered. This is particularly true for companies that prefer keeping good reputations and maintaining long-standing customer relationships, over recovering what they are owed. A debt collector often uses a merchant account collection agency business model
Merchant Account Services for Collection Agencies
| June 23, 2021
Consumer debt in America stands at $14.6 trillion, according to a Federal Reserve report. These figures were pushed by a record topping rise for mortgages in the real estate market during 2020 and 2021. With all this additional debt, merchant account services for collection agencies are often busy providing payment solutions with multiple MIDs, Crypto
Handling Debt Sold – Collection Agency Merchant Services
| June 10, 2021
Before a lender gives you money, you must agree to pay back the amount with interest. The terms of the agreement always specify the amount that is to be paid every week or month. Should the terms of this agreement be in default, the lender will most likely request the services of a debt collection
High Risk Merchant Account Collections – What You Need to Know
| May 5, 2021
The Balance is reporting that U.S. consumer debt stands at $4.2. trillion. With over 45.4% of American households carrying an average of $6,270 in credit card debt, many creditors turn to debt collectors to help them retrieve what is owed. Applications for a High-Risk Merchant Accounts for collections agencies have soared due to this huge