Author Question: What happens to an account once it goes into collections? What will be an ideal ... (Read 44 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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library