WHAT HAPPENS IF YOU FAIL TO PAY A DEBT ?
In case you default on a loan, credit card, or any of your utility payments in some instances, you may end up getting your account transferred to a collection agency, which is a third party organization who’re usually hired to collect a company’s unpaid debts. Most of the people usually don’t prefer to pay a collection agency, but there are some risks involved in such a decision. Here’s a brief look at possible scenarios if you don’t pay your debt:
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