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The Lifecycle of Debt: Will This Debt Ever Go Away
The obligation to pay a debt exists in perpetuity, while the ability to sue to collect a debt is limited by a statute of limitations in each state.
The Lifecycle of Debt: Who Do You Pay When a Debt Collector Calls
Debt collectors can collect on owned debt or work as a third party service provider to debt owners. Know who you should pay when a collector calls and tries to get you to pay.
The Lifecycle of Debt: What You Need to Know About Charged-Off Debt
When a credit card account goes unpaid for 180 days, the card issuer must write-off or charge-off the full balance of the account as uncollectable.
The Lifecycle of Debt: What Happens When You Miss a Payment
When you miss a payment on a credit card account, your account delinquency grows in severity the longer the payment goes unpaid. Learn what happens when you miss a credit card payment.
The Lifecycle of Debt: The Value of Your Debt to Creditors
As debt ages and moves through the debt lifecycle the value of the accounts drops in value the older the debt becomes. Learn the value of your debt to debt collectors.