Learn what debt collection is, how it works, and your rights as a consumer. Discover ways to handle debt collectors ...

Writing a debt collection letter might not be on your list of fun activities, but it’s a necessary part of business. Getting it right can mean the difference between getting paid and losing out.

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details).

"Effectively, the letter should contain the terms you are proposing, including what you're willing to settle the debt for in exchange for the collection agency removing the past due account ...

If you have had past experience in the field of debt collection ... to a company or business in a nonharassing manner and utilizing the telephone and official sounding letters as your main ...

Rebecca Mahoney recently received a letter from Global Debt Solutions saying she owes over $400 to a company called EuropCar for a car rental from March 2024.