In part one of this article, we discussed the substantial increase in consumer debt by older Americans and the anticipated increase of subsequent debt collection efforts against older Americans. Thereafter, we began a discussion of what seniors should know about debt collection so as to prepare for that unwelcome event should it arise. We now…
This two-part article takes a look at what seniors should know about debt collection. Americans are going further and further into the red. Experian Information Solutions reports that consumer debt in the United States reached $13 trillion in the fourth quarter of 2018. Helping to comprise that total debt are credit card debt at $834…
According to the Merriam-Webster dictionary, our golden years are defined as “the advanced years in a lifetime” or “the time of life after retirement from active work.” For a select few seniors, the golden years are a time of wealth and relaxation with grandchildren or other loved ones after saving diligently to enjoy the wonderful…
Let’s start with two wonderful quotes: “A bulldog can whip a skunk, but sometimes it’s not worth it.” – J. Nowell or “Creditors have better memories than debtors.” – Ben Franklin. When clients hire me to collect a debt, these humorous quotes often come to mind, but for most business owners and senior adults who…
