article thumbnail

How Credit Card Debt Collection Works

Taurus Collect

However, it is important to note that there are laws and regulations that govern the debt collection process to protect both parties involved. The Different Types of Credit Card Collections When it comes to managing credit card debt, it’s important to understand the different types of credit card collections.

article thumbnail

Top 3 Complaints Against Debt Collection Agencies

National Service Bureau

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. Per Section 809 of the FDCPA, debt collectors are required to disclose certain information. . #4: False statements or representation. And finally ….