"Debt collection" refers to the process of trying to get back money that someone owes you, usually by reaching out to the person to remind them of their debt and asking them to pay it back." Full definition
It is predicted that there will be a record - breaking number of debt collection companies that get sued by consumers during 2016, due to an increased amount of banking fraud taking place. (goldenfs.org)
It's also important to check out any potential new student loans that may have appeared on your report without your knowledge, as well as accounts with debt collection agencies. (nationalcreditfederation.com)
The element of surprise can take a turn for the worse very quickly once a debt collector engages in abusive debt collection practices such as threatening legal action. (rebuildcreditscores.com)