There are many reasons people don't pay their debts — financial setback, poor repayment habits, overspending or sometimes they're just not happy with a product they bought.
Whatever the reason, it's important to communicate with the person who is owed money. When creditors understand the problem, chances are they will work out a reasonable, manageable way for the consumers to repay debts.
Consumers who don't co-operate with their creditors may find their accounts turned over to collection agencies.
What Is a Collection Agency and How Do I Deal With It?
Collection Agencies and Municipal Fines
What Do I Do If I Feel I’m Being Treated Unfairly By a Collection Agency?
