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The debt collection industry is like a dark, swirling vortex lurking at the edges of the consumer finance world, ready to suck in struggling borrowers who miss too many payments. While most of us don't think much about debt collectors until we encounter them, they wield major power and influence...

Dealing with debt collectors is stressful enough without having to decipher complex legal jargon about statutes of limitations. I wanted to write this post to explain, in simple terms, how these time limits on lawsuits work - and what they mean for regular people dealing with old debts. First, let's...

Having debt go into collections or sold to a debt buyer can be stressful and confusing, especially in terms of how it affects your credit score. Your credit score plays a huge role in your financial life, impacting your ability to get loans, credit cards, mortgages, insurance rates, apartment rentals,...

Finding an unexpected collection account on your credit report can be stressful and confusing. If you believe the debt is inaccurate, it's important to dispute it right away to protect your credit score and avoid paying money you don't owe.  This comprehensive guide will provide sample dispute letters to use...