Walking into a collections environment and not knowing a single term is like arriving in a foreign country without being able to speak the language. Each collection term has legal and financial implications of its own. Hence, using the wrong terminology in this environment can be quite problematic or cause […]

What a traditional sales job entails is well-known. After all, selling products offering services in person is as old as commerce itself. However, there’s one cousin in the sales family that nobody talks about enough, but definitely should. I’m talking about debt collection sales! I’m dedicating today’s post to breaking […]

No, dealing with debt collectors isn’t exactly anyone’s idea of a good time. One minute, you’re going about your day, and the next, you’re dodging calls and playing hide-and-seek. Fortunately, there’s a whole system of laws and rules in place that work both ways to keep everyone in check. And, […]

First, let’s talk about what we mean by “old debt.” Once you’ve missed payments for about 180 days, your debt becomes “seriously delinquent.” This is usually when things start getting interesting (and not in a good way). Your original creditor might decide they’re tired of trying to collect and sell […]