Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Chip Stapleton is a Series 7 and Series 66 license holder, CFA ...

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 ...

your creditor could decide to sell your debt to a collection agency instead. During that time, your debt is also going to increase with late payments and growing interest. Why would the creditor ...

Dealing with debt issues can be overwhelming, especially if your debt has been turned ... millions of people have their old debt sent to collection agencies, whether it's due to an old medical ...

Debt sold to a collection agency: The creditor may sell your debt to a third-party debt collection agency. This usually happens when the creditor has determined they’re unlikely to recover the ...

LAS VEGAS (KTNV) — Imagine answering your phone only to hear a debt collector demanding ... creditors will sell the account to a collection agency and that's when the real trouble begins.

Debt collection accounts — considered an indicator of financial struggles — allow original lenders to recover some money by selling unpaid debt to a collection agency. Debt collection can ...