Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

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 ...

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny ...

Get your business out of debt with our guide to the debt collection process and see expert-backed advice for dealing with ...

Understanding debt collection thresholds can help you navigate your options and avoid legal consequences.

When a debt is sent to a collection agency, it appears on a borrower’s credit report and could impact their credit score for up to seven years. A WalletHub analysis found Wyoming had the highest ...