Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

The business of a collection agency is to contact debtors of their clients and collect the money that's allegedly owed. These agencies are subject to the regulations set forth in the federal Fair Debt ...

Certain business models seem to have unshakable stigmas associated with them. Sometimes it’s deserved, such as from decades of unethical or sneaky behavior by players in the industry, and in other ...

With the new collection agency rule of the Consumer Financial Protection Bureau (“CFPB”) having taken effect on November 30, 2021, 1 we thought we could help round out your understanding of the ...

If you have outstanding debt, it may ultimately end up in the hands of a collection agency. Under the Fair Debt Collection Practices Act, a collection agency can send collection letters to your home ...

If you’re in trouble with collection agencies, you have strong rights under federal law to prevent those agencies from harassing you. Under the Fair Debt Collection Practices Act (FDCPA), collectors ...

When a debt goes unpaid for long enough, it can move through a series of hands, first the original creditor, then a third-party debt collector and sometimes even multiple agencies afterward. Each ...

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