If you have past-due debt that you’re struggling to pay off, you may be able to negotiate with the debt collector to reduce ...

This is sometimes referred to as “charging off” the account. Sometimes collection agencies sell entire portfolios of debt accounts to each other. The reason for this is that the creditor ...

Small Business Administration changes could be coming to everything from loan collections to office locations.

end or make collection efforts. That referral would essentially remove the discretion the SBA often has exercised when it comes to loans under its purview. The agency drew heat from lawmakers ...

Not paying student loans could lead to late fees, a damaged credit score and wage garnishment. If you have federal loans, you may qualify for a repayment plan to help bring your loans current and get ...

All these negative marks together will significantly hurt your chances of getting approved for a loan or credit card ... a validation letter from the collection agency, which provides detailed ...