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Looking for information on debt collection? Our resources can help you understand how debt collection works and what your rights are.

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June 30, 2022 Collections

How Long Does it Take to Release a Bank Levy in New Jersey?

A bank levy is a debt collection tool. It effectively allows a creditor to place a “freeze” on the debtor’s account to work toward satisfying …

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June 1, 2022 Collections

When Should a Business Turn Over an Account to Collections?

For a number of different reasons, not all customers pay their accounts on time. Some people make mistakes, some end up in a difficult financial …

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May 18, 2022 Collections

The Cost-Benefit Analysis of Filing a Lawsuit to Collect a Debt

The Federal Reserve Bank of New York reports that U.S. households owed an estimated $15 billion in debt. Businesses owe trillions more in outstanding financial …

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May 4, 2022 Collections

What are Common Litigation Tactics in a Lender Liability Lawsuit?

As defined by the International Risk Management Institute (IRMI), a lender liability claim is a type of legal action in which a borrower alleges that …

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April 6, 2022 Collections

How Do NJ Collection Agencies Stay in Compliance?

Debt collection is a massive industry in the United States. According to a report from IBISWorld, there are nearly 8,000 debt collectors operating nationwide, bringing …

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