Debt Collection

Your debt may be sent to collections if you get behind on making payments. Having your debt in collections means a debt collector will work to get you to pay. If your debt is in collections, your credit score will go down, and it will be harder to get credit in the future.

Multiple items on a table, including bills, coins, an alarm clock, a calculator, and wooden blocks with letters on them that ready out debt collection.

If this happens to you, there are a few tips to keep in mind. You can have a friend or family member help you figure this out.

  1. Make sure you know what the debt is from
  2. Know your rights so you know what collectors are not allowed to do
  3. Make a plan to pay back the debt
  4. Pay attention to any letters from the court