Collections Definition | Definition
/kuh·lek·shnz/A debt | atm | apr | definitionsor account | expense | economy | pension | bitcoin | 401(k) | lender | wealth | return | grant | asset | check | fafsa | will | wage | fdic | bank | loan | bond | fund | spac | definitionsthat has not been paid on time.
Next word Dividend Reinvestment Plan (DRIP) | Definition ᐳ
Did You Know
Being in collections will drop your credit score.
If you become months past due on your account, your creditor may sell your debt to a collection agency.
Being in collections will drop your credit score.
Also, the collection agency may try to take you to court to force you to repay the debt.