This is sometimes referred to as “charging off” the account. Sometimes collection agencies sell entire portfolios of debt accounts to each other. The reason for this is that the creditor ...

As a result of a Federal Trade Commission lawsuit, a federal court hastemporarily halted the operations and frozen the assets of a phantom debt collection scheme and its operators. The scheme has ...

My 72-year-old mom was pressured into paying $200/month for decades-old debt — collectors threatened her credit, even court time. After 1 year of payments, can she just stop? In the wake of her ...

Germany's constitution mandates balanced budgets with minimal borrowing, a principle known as the 'debt brake'. Exceptions, ...

The statute of limitations is the length of time creditors can sue for a debt. This period is usually around three to six years. Many, or all, of the products featured on this page are from our ...

The more debts you knock out, the more motivated you’ll be to keep going until you’re debt-free. For Ramsey, the bill collector’s snarky comment became his driving force. For you ...

Americans' household debt levels, including credit card debt ... a decline from the third quarter. Consumers with a third-party collection noted on their credit record was "relatively stable" in the ...

Learn strategies for whittling down what you owe, and get insight into the best approach depending on your debt load. Many, or all, of the products featured on this page are from our advertising ...