ACA International Report: Third-Party Debt Collection Keeps Credit-Based Economy Thriving

WASHINGTON, District of Columbia – January 26, 2016 – Consumers, creditors, and the economy as a whole benefit from the existence of the professional debt collection industry, according to the newest white paper from ACA International, the association of credit and collection professionals.

The white paper “The Role of Third-Party Debt Collection in the U.S. Economy” explores the industry’s role in the U.S. economy,focusing on how third-party debt collectors work in tandem with creditors and consumers to ensure that much-needed credit is widely accessible.

Debt collectors can help consumers with a payment resolution plan that works best for them. “There is often the opportunity to negotiate the total outstanding balance, pay a discounted price on the initial balance, or develop a payment plan with the debt collector as a mediator,” the white paper states.

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