Can A Creditor Collect A Secured And Unsecured Debt?
You can turn over an unsecured debt to a collection agency, which normally asks for 30 to 50 percent of the collected debt and expenses. But, if you are owed a lot and you believe the debt is collectible, hire an attorney.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Creditors Rights Articles
- What Is A Creditor?
- How May A Creditor Contact You?
- Can A Creditor Take Legal Action On A Consumer?
- Can A Creditor Use Mediation?
- Can A Creditor Contact Anyone Else About Your Debt?