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 ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details).

Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed information about the debt and the debt collector’s contact details ...

"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 ...

A person who repeatedly pesters or threatens another person can be sent a cease and desist letter as a warning. For example, according to the Fair Debt Collection Practices Act (FDCPA), third ...

When that happens, the tactics they use to try and collect what's owed can cause the situation to escalate quickly. For example, what may start as phone calls and letters about the debt can ...