Detecting Debt Collection Transactions

Following customer feedback, we’ve launched the “Debt Collection” tag for our recurring_expenditures endpoint! We now detect debt collection transactions in bank data. Pave defines Debt Collection as agencies whose primary purpose is collecting debt on behalf of third parties.

Some key findings:

• Average debt collection payment: $124.15
• Examples of debt collection companies:
  • TrueAccord
  • Portfolio Recovery Associates
  • Alliance One

Documentation

You can find the documentation here – https://docs.pave.dev/insights/recurring_expenditures