If a bill lands in collections, the fallout escalates quickly. So, you should know what to expect and how to fix it.

Some of these loans — known as zombie mortgages — were reportedly sold to debt buyers for pennies on the dollar, despite many ...

Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, ...

DAVENPORT, Fla. – Debt collection calls are reaching new highs across the U.S. in 2025, with a significant number of those calls flagged as abusive or threatening. “We’re going to arrest you. We’re ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

After years of warning taxpayers that the IRS will never cold call you to collect a tax debt, things are about to change as the IRS begins handing over some of its debt-collection work to private ...

Johnson has said the sale of debt owed to the city is “immoral,” on the grounds that “working people and poor people are ...

No business can prevent collection attempts against all their employees. When an employee starts falling behind, debt collectors begin looking for ways to contact the employee at work to speak with ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Student-loan borrowers are likely to start feeling the harshest consequences of falling behind on their debt. The Education Department said it’s resuming debt collection on defaulted federal student ...

The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, ...