If you’ve ever defaulted on a loan or credit card, you have likely had creditors knocking on your door. If you fail to pay what you owe, many creditors hire private debt collection agencies to chase after you and try to recoup some of that cash, even if it’s just pennies on the dollar. But what happens if you fail to pay your city’s water or trash bill?
The practice of hiring debt collectors was primarily reserved for private companies, but things have changed in this shaky economic climate.
Several city governments are now relying on private debt collectors to gather up funds from residents for unpaid utility bills. It’s part of a larger trend of government agencies, such as school boards, county courts and libraries, to hire third parties to do the dirty work of debt collection.
This week’s roundup of the best credit card-related posts from the blogosphere focus on the opportunity the renewing season of spring presents. It’s time to start fresh, create new goals and reform those spending habits.
In an effort to encourage more accurate tax reporting, the IRS would have a chance to look at the revenue that businesses receive through their merchant accounts.
According to myriad economic experts, our economy is slipping into a recession, or may already be in one. Most of us are feeling the pinch. Here is some of the best advice I’ve found from fellow bloggers on cutting back during hard times.