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Collection Co of America Inc history
Collection Co of America Inc company history timeline
Founded in the booming economy of 1927, CST Company has served the collection needs of business and industry through times of prosperity and periods of deepest depression.
At the Collection Bureau of America, we’ve been collecting debts on behalf of small businesses since 1959.
The industry has also become more regulated with the implementation of the Fair Debt Collection Act of 1977.
One example of debt collection harassment has been the case that the FTC brought against Payco American in August 1993.
There were nearly 152 million credit card holders in 1998, with total outstanding credit card debt reaching $538 billion.
"Adjusters, Investigators, and Collectors." 1998-99 Occupational Outlook Handbook.
The NCO Group, Inc. was the world's largest provider of accounts receivable collection services, a position that it claimed through its August, 1999, acquisition of Compass International Services Corp.
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