Student debt is a major issue in the United States. Most students cannot afford to pay for college on their own, as it could cost them over $100,000 just to go to a local school. As a general rule, the United States does not have tax-funded college options like the...
Month: February 2024
3 mistakes to avoid when collecting debt
Debt collection is an invaluable component of financial management for lenders and businesses of all sizes. When debtors fail to fulfill their financial obligations, your company can initiate debt collection procedures to recover the funds. Debt collection can be...
How does the garnishment process work for creditors?
Garnishment is a legal procedure that allows certain parties to collect debts from a debtor's wages, bank accounts or other assets. This process mainly benefits creditors seeking to recover unpaid debts by providing a direct method to claim the funds owed. The process...