The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

WalletHub collected data from the end of 2025 and ranked the states with the most and least debt collection accounts.

The amount you owe may also be subject to your state's statute of limitations, which typically ranges from three to 10 years, ...

Most business owners who invoice customers for goods or services will encounter the occasional late payment. However, if a customer’s invoice due date has come and gone and you can’t get a firm answer ...

Disputing collections debt can protect your credit, but only if you know when it actually makes sense to do so.

The likelihood that a debt collector will sue you over an unpaid balance depends on the debt, the amount and how collectible ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Whether you owe it or not, receiving a debt collection notice can conjure up feelings of anxiety, worry and perhaps confusion, ...

Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed information about the debt and the debt collector’s contact details to ...