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There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collection Industry News

Select spoke with Shelly-Ann Eweka (CFP, ChFC), a wealth management director at TIAA , who shares everything you need to know about debt collections. What is a collections agency? “A After about six months (depending on the lender), they will give up. million cases to 4 million cases nationwide.

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How to Negotiate with Creditors to Reduce Your Debt: A Step-by-Step Guide

Credit Corp

Taking the proactive step of negotiating debt with creditors offers several key benefits. Negotiating a debt settlement allows you to find a solution that works for both parties. If your debt has already gone to collections , the collection company isnt required to agree to a payment plan, but it never hurts to ask.