The collection agencies make sure that you pay the loan back and quickly. They can do anything from calling you at your home and at your work place to publishing your name in the defaulters’ list.
Do you have plans to apply for an unsecured loan in the next few months? If you do, then we suggest that you read the remainder of this piece.
If you run and hide from a debt collections agency, you will eventually be sued. Most debt collections agencies are looking to settle the debt over taking you to court to sue you.
So you’re headed off to college in the fall?
Should a college student apply for a credit card?