Debt Collection in 2020: Statistics, Trends, Collection Practices, and More
First in a Series
The debt collection industry has gotten a lot of flak over the years, yet it’s still a thriving business in a variety of industries, including auto finance, healthcare, mortgage lending, and many more. With nearly one-fourth of Americans (28%) having at least one debt in collections, the necessity for debt collection services, whether in-house or third-party, is obvious.
To obtain a sense of the present condition of debt collection in 2020, we decided to dig deep into the most recent debt collection industry facts and statistics.
These results and research have been gathered into this thorough book to provide an overview of the debt collection industry as we move into 2020 and beyond.
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