This guide will help you craft letters that get results while keeping things professional. Personalize your debt collection letters to make them more effective. Use a professional but firm tone to ...

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Unpaid debts and accounts in collections will stay on your credit report for seven years. Removing old debt from your credit ...

"Effectively, the letter should contain the terms you are proposing, including what you're willing to settle the debt for in exchange for the collection agency removing the past due account ...

The Consumer Financial Protection Bureau (CFPB) offers templates for these letters on their website. Request specific documentation, including: The Fair Debt Collection Practices Act (FDCPA ...

ANSWER: After attempting to collect a debt through traditional means (calls, letters, etc.), a creditor or collector may choose to escalate the matter and file a lawsuit. The debtor is then served a ...

The Better Business Bureau says both the rental car and debt collection businesses in the letter are real, but the letter is ...