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Outstanding Debt at All-Time High: Is the Answer Outsourced Collections?

Defaults are on the rise — how will that affect your profits? Here’s a number that should get the attention of any CFO: $1.021 trillion. According to The Washington Post, that’s how much debt U.S. consumers are currently carrying. Defaults on these debts are also rising. The Post points out that both the 2008 recession and the Great Depression […]

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