Debt collection is evolving into a customer-centric process focused on empathy, data-driven strategies, and respectful ...

As an organization, you need a positive cash flow to work efficiently. But we all know you need a good debt collection process to keep a positive cash flow, and optimizing this process can be pretty ...

Legal action: If the collection agency is unsuccessful, the debt collector might sue you in civil court. A judgment against you could lead to wage garnishment or liens on your property.

When a debt is sold to a collection agency, the new owner of the debt must provide proof that the debt is valid if you request it. Debt collectors are required to send you a written notice, often ...

That's why verifying a debt collection account is crucial before making any payments or agreeing to a repayment plan. Without proper verification, you could end up paying for something you don't owe.

Debt collection lawsuits filed in Texas have exploded by 73 percent over the last decade. For people who find themselves in the crosshairs of creditors, the debt collection process can seem ...

If you’ve lost a debt collection case in court, you should file a claim of exemption, which can protect up to $10,000 worth of your personal property, including money in your bank accounts.

2. Debt collection should be a last resort. I’m not suggesting you send every client who is two days late to collections. However, the longer you wait, the less likely you are to recover any money.