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4 consumer myths about debt collections DEBUNKED

American Profit Recovery

One of the more successful ways in which a consumer can work with a collection agency is to create a schedule of payments that allow that consumer to manage that debt much more efficiently. Payment plans allow the consumer to get on with their lives and even continue to do business with the creditor that has not been paid.

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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

This legislation prohibits judgment creditors from initiating new “extraordinary” collection actions, including garnishment, attachment, levies, or execution. Debtors must notify creditors if they are facing financial hardship due to COVID-19, but no additional documentation is required for protection. Stearns of the U.S.