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What is the Fair Debt Collection Practices Act?

Remember those days when collecting debts was like the Wild West? Those were times when anything went. Brutality with little to no punishment was so rampant that the government had no choice but to step in with strict measures and debt collection regulations. Don’t get me wrong; I’m all about […]

What is Debt Collection and How Does it Work?

In an ideal world, people will honor all their financial obligations as and when they are due. But let’s face it: life is unpredictable, and sometimes things get in the way. Sometimes, juggling between medical bills, student loans, and other obligations is not quite a smooth ride. And before you […]

How To Sell Debt To A Collections Agency

Picture this: you came through for some individuals, companies, or other entities in need by lending them your hard-earned money. They gave you their word, or even put it in writing, to repay in the not-too-distant future. But alas, when the time came for them to repay their debt, they […]

What is a Debt Collections Agency?

Suppose–on the simplest level–you have a customer who owes you money for services rendered and has not paid for the past three months. You have emailed, called, and perhaps even attempted the ‘bumping into them at the coffee shop’ approach. Nothing’s working. What, then, do you do? Better call a […]