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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. However, there are alternatives to court that can help you settle your debt.