Credit card debt in America has reached unprecedented levels, with total consumer credit card balances surpassing $1.17 trillion in 2024. This marks a concerning increase from the previous quarter ...

When a debt collector contacts you, follow these steps to verify the debt: First, don't acknowledge the debt or provide any ...

Debt collection can be a stressful process for consumers, but TrueAccord’s digital-first approach, powered by automation, aims to offer a more empathetic and transparent interaction.

Contacting you at inconvenient times. Debt collectors are prohibited from contacting you at times they know are inconvenient. Under the FDCPA, collectors cannot call you before 8 a.m. or after 9 p ...

Dealing with the collections process can seem a bit daunting, but you do have rights for disputing a debt collection. It’s not unheard of for debt collectors to ask for payments, even if it’s ...

Having an account sent to collections is stressful. But consumers have options — and rights — when going through the process. Here's how to deal with debt collections.

Freedom Debt Relief reports 25% of Americans seeking debt relief have accounts in collections, averaging over $3,000, often ...

The debt collection process is a system for creditors to recover overdue amounts from debtors, and it's vital for a functional credit system. However, it can cause stress and confusion for the ...

The Treasury Department's Financial Management Service (FMS) should review its current process for collecting non-tax debts owed to federal agencies, the General Accounting Office recommends in a ...

The bottom line. Going through the debt collection process isn’t fun, but you do have options — and it doesn’t mean your financial future will be tarnished forever.