Remove Bankruptcy Remove Debt Consolidation Remove Debt Recovery
article thumbnail

Impact of Collection Agency Letters on Debtors

Nexa Collect

They may also look into options like debt consolidation or bankruptcy. Avoidance or Ignorance : Some individuals may choose to ignore collection letters, either because they feel overwhelmed and don’t know how to deal with them, or because they believe the debt is not valid.

article thumbnail

What is Commercial Debt?

Debt RR

A common and effective debt collection tactic, this type of lawsuit usually goes after commercial debtors to collect on commercial debt, the money you owe in addition to interest, as well as potential court and attorney fees. There are numerous preventative measures to take prior to a civil lawsuit for commercial debts.

article thumbnail

How to get out of debt and stay out

Debt Recoveries

Talk to your Debt Collector. Don’t be afraid of approaching your creditors and debt collectors and talking to them. They can help you avoid a much worse scenario, such as bankruptcy or even court action, simply by picking up the phone and talking to them. Most debt collectors are there to work with you, not against you.