Debt Recovery Garnishment Loans 
Nexa Collect
APRIL 27, 2021
Simple Answer: Once the bad debt entry hits the credit report, the fear in the debtor’s mind is gone. You just used the most effective tool in debt recovery before giving enough time to the debtor to settle your unpaid bills. The debtor thinks “ What worse can happen?
Nexa Collect
JANUARY 19, 2022
Repercussions can include wage garnishment, frozen bank account and other assets. Collection laws vary by state , but there are provisions in every state on how the unpaid debt can be recovered. This diminishes the chances of securing a new loan, getting a good job and even finding a new apartment to live in.
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Nexa Collect
JUNE 21, 2023
This can make qualifying for credit cards, loans, mortgages, or even certain jobs harder. Increased Debt : If you ignore the debt, interest and fees may accumulate, potentially increasing the total amount you owe. Legal Action : The creditor or collection agency may file a lawsuit against you to recover the debt.
Debt RR
AUGUST 3, 2020
Business debt, whether from small business loans, corporate credit cards, or federal and state taxes, can be a challenge to manage. And if the debt remains unpaid for too long, it can exacerbate the situation for many business owners and finance managers. What is Bank Account Garnishment and What Can Cause It?
Nexa Collect
JUNE 23, 2023
Impact on Credit Score : If a collection agency reports the debt to credit bureaus, it can negatively affect the debtor’s credit score. This makes it harder for them to get loans, credit cards, or sometimes even jobs in the future. Ignoring the letters can have further consequences, such as lawsuits and garnishments.
Better Credit Blog
APRIL 1, 2022
A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Debt Validation. Calling you before 8:00 A.M
Stevens Lloyd
SEPTEMBER 27, 2018
At the Stevens-Lloyd Group, in addition to utilizing our unique blend of incorporating phone calls, strong written communication skills and litigation, we also utilize more advanced debt collection techniques. These include Writs of Execution, Bank levies, and Wage garnishments. Recovering Debt from a Judgment Debtor.
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