Certain types of loans are secured by property. This gives the lender the ability to repossess the secured asset if you stop making payments. Mortgage debt is a type of secured debt: Your mortgage is ...

If you fall behind on your credit card bills or other debts, your account may be sold to a collection agency. Use this four-step plan to pay off that debt quickly. Having a collection account listed ...

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

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

Get your business out of debt with our guide to the debt collection process and see expert-backed advice for dealing with ...

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny ...

A couple of months ago, my parents got a letter from Debt Recovery Solutions, LLC, stating that I owed the company a $131.98 payment on a Verizon Account I had in New York. My first thought was, "Is ...

Debt collection is changing fast. AI-powered systems are replacing traditional call centers, operating 24/7 to recover debts while maintaining customer satisfaction. For banks, fintechs, and ...

Uncle Sam needs some help collecting unpaid taxes, so the Internal Revenue Service will now use private companies to tackle this growing backlog of debt. The IRS announced earlier this month that it's ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Whether you owe it or not, receiving a debt collection notice can conjure up feelings of anxiety, worry and perhaps confusion, ...