Category: Debt Consolidation
While you were stuck at home, debt collectors saw fish in a barrel to collect on past due balances While so many consumers and small businesses are fighting tooth and nail to stay afloat, a survey from Prodigal Technologies, Inc, indicates that more than half of Debt Collectors outperformed their pre-COVID metrics. Prodigal’s press release on their survey attributes several factors to the uptrend, but one factor in particular for successful debt collection firms was that they were better able to track borrowers while consumers were stuck at home with Safer-at-Home orders. This data should be an important point for… Read More
If you are receiving collection notices from Portfolio Recovery Associates (or “PRA”), you may be wondering who they are. You probably never took a loan out from PRA, and you may hardly recognize the debt they claim you owe.