UK Debt Buyer Earns Customer Service Kudos

Lowell Group, a United Kingdom-based supplier of credit management services specializing in data analytics and debt recovery, has brought in the highest rating given for customer service of a consulting bureau.

Charge Card Equilibria Growing Amid Secure Delinquency Rates

The most recent TransUnion Business Insights Report found that overall outstanding charge card balances rose by 4.3% in Q3 2014 from Q3 2013. It indicates the second straight quarter of yearly increase that is substantial and it makes up the largest growth rate found since Q4 2008.

Nine-Year Prison Sentence in First CFPB Criminal Case Referral

Michael Levitis, a New York debt settlement company’s owner, was sentenced to nine years in prison after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with bogus promises of help from banks and credit card firms.

Fed: 6.2 percent grows

Revolving debt rose at a 1.3 percent annual rate in October, according to the Federal Reserve’s preliminary G.19 report on consumer credit. Read More