What Happens When Your Debt Goes to a Collector?

0
604

 

debt-collectors-bank-account-680x430
By Geoff Williams
You’re behind on your debt payments – big time – and you know that you should pay what you owe, and that if you don’t, your credit score will tank, and your credit report will signal to lenders that you’re a risky bet.
You know that from here on out, it’ll be harder (or maybe impossible) to get a loan on, well, anything. You also know that ethically you should pay off all of your debts.

But what if you have debt or debts that have gone to a collection agency? In other words, you cannot pay off the debts anytime soon, and the phone is constantly ringing, with debt collectors on the other end? What will actually happen?
Read the Full Article at money.usnews.com >>>>

ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy