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Skill

Debt Collection

Finance and Accounting

Debt collection is the process of pursuing payments on debts owed by individuals or businesses, typically carried out by specialized in-house teams or third-party collection agencies. Debt collectors contact debtors via phone, mail, or email to negotiate repayment plans while complying with regulations like the Fair Debt Collection Practices Act (FDCPA) in the U.S. It's a key function in banking, finance, healthcare billing, and credit industries.

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