What to Know About Debt Collection Agencies

What to Know About Debt Collection Agencies

If you have not made payments on a loan for a period of several months, a creditor may decide that there is no hope of getting their money back. At that point, they will likely sell the debt to a collection agency. While the new owner of the debt has a right to...
What to do When You Receive a Collection Notice

What to do When You Receive a Collection Notice

A collection notice is an early opportunity to repair any damage to your credit as a result of this debt. It is a chance to negotiate with the debtor or to advise him if the notice is incorrect. For your own benefit, start now: Remain calm and courteous. Honey gets...
A Tax Collector’s Right to Levy Your Bank Account

A Tax Collector’s Right to Levy Your Bank Account

Most Tax Collector’s (the banks you owe money) have very little right to force collection from you without first winning a lawsuit against you for not paying back your debt. For example, if you stop paying your credit card bill, the bank who backs that card would have...
Debt in Collections: What You Need to Know

Debt in Collections: What You Need to Know

Dealing with debt in collections can quickly induce stress. The phone rings non-stop and they continually demand money. But if you could afford to make all of your debt payments, you would. If you have a debt that has gone to collections and you must deal with a...
Dealing with Debt Collectors

Dealing with Debt Collectors

Debt collectors can be annoying and aggressive, and can quickly induce stress. As soon as the phone rings with another collection call, or you open yet another collection letter, your stomach knots and you feel instantly overwhelmed. If you could make all of your debt...

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