The claim: It is illegal for collection agencies to buy debt and 'come after you' if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers ...

When debt collection companies start calling, most people don't know what to do.

Beyond Finance reports on debt collectors' intimidation tactics and rights protections under the Fair Debt Collection ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Debt collectors don't always play by the rules. Here's what to watch for and how to protect yourself right now.

Reviewed by Khadija KhartitFact checked by Yarilet PerezReviewed by Khadija KhartitFact checked by Yarilet Perez A debt collection agency is a company that attempts to collect delinquent debts from ...

New York (CNN) — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While weighing their options, some borrowers may stumble on an ...

The Consumer Financial Protection Bureau said Friday it has ordered medical debt collector Commonwealth Financial Systems of Dickson City, Pa., to cease operations and pay a $95,000 penalty for ...

Achieve reports that "charged-off as bad debt" means creditors consider an unpaid debt uncollectible, impacting credit scores and potential collections.

Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of recovered amounts, with businesses paying nothing upfront and only when collections succeed. Collection ...