While every business likes to make sales, sales on account are only as good as the cash that will eventually come when the customer pays her balance. As such, small-business owners often need to ...

Knowing the timeline between charge-offs and collections can help you take action before the issue gets worse.

When you fall behind on a bill, you might get charged a late fee and your late payments could be recorded in your credit reports. If a bill goes unpaid for long enough, your creditor may send or sell ...

In April 2025, Freedom Debt Relief reviewed data from tens of thousands of people actively looking for help with their debt. The numbers might be surprising. About one in four has at least one account ...

A debt can be sold to a collection agency if you miss several payments on an account. A collection account stays on your credit report for approximately seven years. Collection accounts decrease your ...

When you allow your credit card debt to compound, it can be tough to keep up with the payments over time — and that's ...

Jerry Brown is a personal finance writer based in Baton Rouge, La. He's been writing about personal finance for three years. Financial products he enjoys covering include credit cards, personal loans, ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Garland, Texas ranked as the top city for the highest debt collection accounts in the nation. Eight Texas cities, including Dallas and Houston, were in the top 10 locations with the most collection ...

In the realm of personal finance, few things are as detrimental to one's credit score as a collection account. These accounts arise when debts remain unpaid for extended periods, prompting creditors ...

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