GCS Partners Greg Cohen and Albert Knowles have been elected to the 2015 IACC (International Association of Commercial Collections) Board of Directors. IACC is made up of commercial collection agencies, associate, law list and affiliate members. IACC serves members in the US and 25 other countries. Members of IACC recover millions of dollars annually for their…
The percentage of Americans having at least one account in a third party debt collection system has fallen to a post-financial crisis low in the fourth quarter of 2014.
The average balance of accounts in collection has also fallen for a second straight quarter.
Source: Inside Arm, Patrick Lunsford