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 ...

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 government may announce plans to tweak SARFAESI and DRT rules in the upcoming budget to reduce litigation in debt ...