Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

Let's see if I get this right. If a big financial institution gets into trouble, the government is ready to step in and bail it out and make the little guy pay for it. But if the little guy gets into ...

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 ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

While the days of debt collectors sending sheriffs to your home are long gone, for some, contemporary debt collection methods can still cross the line. In an unprecedented recent ruling, the Federal ...

Debt collectors aren't necessarily in favor of the seven-call cap either, but for different reasons. They say that limiting the number of calls could lead to more litigation or adverse credit ...

If you owe a debt that is significantly delinquent–usually 90 days or more past due–your lender may decide to either assign or sell your debt to a third-party debt collection agency. This is sometimes ...

Understanding debt collection thresholds can help you navigate your options and avoid legal consequences.