Debt Relief:Collection Agency: Difference between revisions

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*Collection agencies charge a percentage of what is collected as a fee for the service.
*Collection agencies charge a percentage of what is collected as a fee for the service.
*The methods used by credit agencies to collect unpaid accounts are telephone calls to the debtor, lawsuits, and garnishments. Collection agencies will provide a pay plan as well.   
*The methods used by credit agencies to collect unpaid accounts are telephone calls to the debtor, lawsuits, and garnishments. Collection agencies will provide a pay plan as well.   
*If the debtor does not pay using a pay plan, the collection agency will '''sue''' or '''garnish''' the wages until the debt is settled.
*If the debtor does not pay using a pay plan, the collection agency will '''sue''' or '''garnishee''' the wages until the debt is settled.


Something to keep in mind: If there is debt, it does not go away if ignored. The best way to manage it is to face it head on and explore options available.
Something to keep in mind: If there is debt, it does not go away if ignored. The best way to manage it is to face it head on and explore options available.
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