Debt Collection Services Providers are providing more and more debt recovery for student loan defaults. As an asset class, student loans represent the second largest consumer credit market next to mortgages.
As education costs continue to rise in the U.S., the number of defaults will certainly follow. With a current outstanding balance of more than $1 trillion, and shrinking credit card defaults, the student loan debt collection services market will continue grow as a major part of the ARM industry. Read More