Remove Credit Counselor Remove Debt Recovery Remove Loans Remove Original Creditor
article thumbnail

What Happens if you Ignore a Debt Collection Agency

Nexa Collect

Credit Score Impact : The collection account may be reported to the credit bureaus, negatively affecting your credit score. This can make qualifying for credit cards, loans, mortgages, or even certain jobs harder. Legal Action : The creditor or collection agency may file a lawsuit against you to recover the debt.