Sometimes debts become uncollectable and have to be written off by the creditor. There are many reasons for this, such as: debtor’s bankruptcy, an inability to find the debtor, fraud on the part of the debtor, or lack of proper documentation to prove that debt...
When you don’t pay your debts you are likely to become a liability to your creditor. After phone calls and letters do not elicit payment of an outstanding account, a frustrated creditor could hand your account over to a debt collections agency. These are...
