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If a bill lands in collections, the fallout escalates quickly. So, you should know what to expect and how to fix it.

Your credit scores determine everything from the interest rate you pay on credit cards and loans to whether or not you qualify for rental housing. Once your debt has been sent from a creditor to a ...

Certain business models seem to have unshakable stigmas associated with them. Sometimes it’s deserved, such as from decades of unethical or sneaky behavior by players in the industry, and in other ...

If your debt is sent to collections you'll need to take immediate steps to avoid the financial impacts. / Credit: Siriporn Kaenseeya / EyeEm If you have debts in collection, you're not alone. In ...

In order to keep your business ventures afloat, you must collect payment for your products or services. Unfortunately, not all customers are reliable. You likely have more pressing demands on your ...

The debt collection industry was estimated to be in excess of $13.4B in 2021 with over 7,000 collection agencies. With such fragmentation in the industry, practices by collectors vary widely and the ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

Problem: Practices don't have a full understanding of their return on investment when contracting with a collection agency. Solution: It may be more cost-effective to pay your own employees to stay ...

Private debt collection companies will start working to collect overdue tax liabilities in spring 2017, the IRS announced on Monday. The IRS also announced that it has awarded contracts to four ...

A Rhode Island school district hired a collection agency to get parents to ante up for unpaid lunch balances. To solve a problem that districts face across the country, a letter was sent home to ...