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How Credit Card Debt Collection Works

Taurus Collect

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. The three main types are first-party collections, third-party collections, and debt buyer collections.

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What If I Don’t Pay My Credit Card Bill?

Credit Corp

Credit cards offer several advantages over debit cards. For example, when you use a debit card, you can only spend as much money as you have in your bank account. With a credit card, you gain access to a line of credit, increasing your purchasing power.