But does a $5,000 debt really warrant a lawsuit? While $5,000 is a significant amount, it's not always a guaranteed lawsuit.

Debt collection scams are among the most persistent and anxiety-inducing of all such schemes. Scammers call, text, or even ...

Debt collection has changed a lot in recent years. Many businesses now use new technologies in debt collection services to ...

The Consumer Financial Protection Bureau (CFPB) offers templates for these letters on their website. Request specific documentation, including: The Fair Debt Collection Practices Act (FDCPA ...

Sometimes collection agencies sell entire portfolios ... the first step is to send the debt collector a written letter contesting the debt, and requesting documentation of the amount that they ...