Certain types of loans are secured by property. This gives the lender the ability to repossess the secured asset if you stop making payments. Mortgage debt is a type of secured debt: Your mortgage is ...

Old debt doesn't always mean uncollectible debt. Here's what the 7-year mark actually means for wage garnishment.

Debt collectors are heroes or villains, depending on your point of view. If you own a business and are owed money, hiring a debt collector can help you get it back. If you are the person who owes ...

A debt collector can't freeze your bank account on a whim, but certain debts make it easier to pursue a bank levy.

Feel sick every time the phone rings? You’re not alone.

In order to keep your business ventures afloat, you must collect payment for your products or services. Unfortunately, not all customers are reliable. You likely have more pressing demands on your ...

PHILADELPHIA (WPVI) -- If you've ever been contacted by a collection agency over medical debt, you are not alone. Over 40 million people have unpaid medical bills sent to collections, and almost half ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While weighing their options, some borrowers may stumble on an ...

For many, the term conjures thoughts of receiving a collection notice by mail or phone —after they’ve neglected to make a student loan or cellular payment. That is because the majority of debt ...

Debt collection complaints in North Texas have paralleled a nationwide surge. Experts and data attribute the spike to higher ...