This will also reduce the borrower’s ability to obtain a mortgage or any type of debt in the future. Some lenders may choose to serve the delinquent borrower with a notice of intention rather ...

There are laws and time limits that debt collectors must adhere to when filing a lawsuit. Here's what to know.

After all, debt buyers tend to purchase delinquent accounts in bulk ... Debt collectors are required to send you a written notice, often called a "validation notice," within five days of their ...

Most of the medical debt didn't belong to the poorest patients, but rather insured people in the middle and lower-middle ...

Dealing with delinquent tax debt may be one of the most stressful ... the Internal Revenue Service (IRS) notices and the aggressive collection actions, the repercussions that come with late ...

Data from the Philadelphia Federal Reserve indicates the rate of total borrowers in the area with several delinquent credit card debt reached 14.7% at the end of 2023, the most recent data available.