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Debt Buyer A debt buyer is an organization that purchases debt. The debt is commonly delinquent. The debt buyer may work the debt internally, re-sell it, package it with other portfolios, or a combination of the above. Find out how the award winning CollectOne software suite can help debt buyers manage the collection of purchased accounts. Learn More... Debt Collection Software Also commonly referred to as collection software systems and collection agency software, debt collection software is used by credit grantors, collection agencies, debt buyers and legal collection firms to increase their productivity and profitability through technology using advanced workflow, vendor management, automated dialing and reporting techniques. Find out how the award winning, CollectOne software suite can help your organization maximize collection results. Learn More... Delinquent Account A delinquent account is any account that is not paid according to the agreed-upon terms. Delinquent accounts are typically classified into categories according to the number of days past due. Common classifications are 30, 60, 90 and 120 days past due. Special classifications also include charge-off, repossession, transferred, etc. Find out how the award winning, CollectOne software suite can help your organization maximize collection results. Learn More... Denial of Discharge A “denial of discharge” is a penalty for debtor misconduct with respect to the bankruptcy case or creditors as a whole. The grounds on which the debtor's discharge may be denied are found in 11 U.S.C. 727. When the debtor's discharge is denied, the debts that could have been discharged in that case cannot be discharged in any subsequent bankruptcy. The administration of the case, the liquidation of assets and the recovery of avoidable transfers, continues for the benefit of creditors. Find out how the CollectOne software suite can help your organization track bankruptcies on delinquent accounts. Learn More... Disclosure Disclosure is providing the consumer with his or her credit history as required by the FCRA. Dunning Letter Dunning letters are letters requesting payment on one or more debts that are sent from the debt collector on behalf of the creditor. The attorney dunning process refers to the last letter that is sent from a lawyer outlining upcoming legal action. The creation and processing of dunning letters can be fully automated within the CollectOne software suite. Learn More...