Written by attorney Mary F. Higgins

What is The Debt Collection Process?

Debt collection is the process a creditor utilizes to recover monies loaned to an individual when the individual defaults or stops paying back a debt or loan. Generally, there are three phases to the debt collection process.

Additional resources provided by the author

If you are looking for additional information regarding the debt collection process, we recommend that you look at the Federal Trade Commissions (FTC) website. The FTC provides extensive detail regarding debt collection and your rights.

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