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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, 2023 Collections

Legal Remedies for Unpaid Commercial Debts: Exploring Your Options

Unpaid commercial debts can pose significant challenges for businesses. They affect operations, cash flow, and overall financial stability. When all attempts at amicable resolution fail, …

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June 12, 2023 Collections , Uncategorized

What is a Promissory Note?

When someone borrows money from someone else, they often make a promise to repay the loan. People often borrow money from close friends or relatives …

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May 29, 2023 Collections , Uncategorized

What is a Debt Validation Letter?

When you have a debt that goes unpaid, the creditor may take action to collect the money owed. A company may begin by contacting a …

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May 15, 2023 Collections

When Can a Debt No Longer Be Collected?

When someone makes a purchase with a credit card or gets a loan, they owe the debt. A person must pay their debts or face …

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April 28, 2023 Collections

Commercial Debt vs. Consumer Debt: What is the Difference?

If you have a credit card in your wallet or a loan with your bank, you have consumer debt. When a business takes out a …

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