Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...
If you've fallen behind on a $5,000 debt and a collection agency is hounding you for payments, you might be worried about what happens next. Owing a few thousand dollars to a debt collector can put ...
When a debt goes unpaid for long enough, it can move through a series of hands, first the original creditor, then a third-party debt collector and sometimes even multiple agencies afterward. Each ...
Reviewed by Khadija KhartitFact checked by Yarilet PerezReviewed by Khadija KhartitFact checked by Yarilet Perez A debt collection agency is a company that attempts to collect delinquent debts from ...
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How to deal with debt collectors
Understand your rights under the Fair Debt Collection Practices Act and report any violations to the proper authorities. Before taking any action, request information about the debt from the collector ...
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