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How Credit Card Debt Collection Works

Taurus Collect

Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor. The process begins when the debtor stops making payments on their credit card and goes into default.

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Top 3 Complaints Against Debt Collection Agencies

National Service Bureau

Last week we wrote about 2014 CFPB complaints against debt collection agencies. Now for the top three: #3: Disclosure verification of debt. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. 5: Improper contact or sharing of information.