debt collection terminology, debt collection glossary

The Terms a Debt Collection Attorney Uses and What They Mean

The world of debt collections is fraught with unfamiliar terms and phrases. Reading up on common debt collection terminology will help you communicate with your attorney more efficiently. Businesses often turn to a debt collection attorney to help collect on outstanding accounts receivable. If your business needs help with out-of-control unpaid invoices, do not let…

debt collection scams, phantom debt collectors

“Is it a Scam?” How to Identify a True Debt Collection Call

According to a 2014 federal survey, harassment from phantom debt collectors is the second most complained-about financial problem reported by consumers, following identity theft. If you are contacted about a debt that is not yours, you may be the target of a debt collection scam. Phantom debt collectors – so called because they are difficult…