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What Happens if you Ignore a Debt Collection Agency

Nexa Collect

JUNE 21, 2023

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. If you ignore this or fail to defend yourself in court, a default judgment may be issued against you.

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10 Common Questions About Bankruptcy

Debt Free Colorado

MARCH 3, 2023

For ten years after filing for bankruptcy, lenders will be more reluctant to extend credit, and it may even be challenging to get employment. A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge.

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