What are the different steps a collection agency can use to collect a debt

A collection agency typically uses a number of different tactics to collect a debt. These may include:

1. Contacting the debtor by phone or mail to request payment.
2. Negotiating a repayment plan with the debtor.
3. Reporting the delinquent debt to credit bureaus, which can damage the debtor's credit score.
4. Filing a lawsuit against the debtor to obtain a court judgment for the debt.
5. Garnishing the debtor's wages or bank account to collect the debt.
6. Hiring a third-party company to physically repossess property that was used as collateral for the debt.

‍

‍

Here is a brief overview of these steps :

1 Contact debtor by phone or mail

2 Negotiate repayment plan

3 Report debt to credit bureaus

4 File lawsuit

5 Garnish wages or bank account

6 Repossess property