Author Question: What happens to an account once it goes into collections? What will be an ideal ... (Read 18 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
What happens to an account once it goes into collections?
 
  What will be an ideal response?

Question 2

What is a collection agency?
 
  What will be an ideal response?



zenzy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

OMG..This is soo helpful. Thank you.

Answer to Question 2

A collection agency is a company that pursues overdue accounts for a fee.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library