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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, [[Debt Relief:Definitions#lawsuits|lawsuits]], and [[ Debt Relief:Definitions#garnishments|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, [[Debt Relief:Definitions#lawsuits|lawsuits]], and [[ Debt Relief:Definitions#garnishments|garnishments]]. Collection agencies will provide a pay plan as well. | ||
*If the debtor does not pay using a pay plan, the collection agency will [[Debt Relief:Definitions#sue|sue]] or [[Debt Relief:Definitions#garnishee|garnishee]] the wages until the debt is settled. | *If the debtor does not pay using a pay plan, the collection agency will [[Debt Relief:Definitions#sue or suit|sue]] or [[Debt Relief:Definitions#garnishee|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. | ||