Plenty. There are many misconceptions concerning what a creditor can do to collect a debt. Below is a short generic list of options available to a creditor to collect a debt.
Generally, a creditor will attempt to collect a debt in the most cost efficient manner possible before resorting to more expensive legal remedies. Absent extreme circumstances, a creditor cannot take the property of a debtor without a legal judgment. A legal judgment is only obtained by first suing the debtor, then going to trial, and finally winning at trial. Because of the high cost of litigation, creditors often are willing to settle a debt dispute and save the litigation costs. Therefore, if you are in debt, contact a qualified debt settlement attorney to help you effectively navigate the law and effectively settle your debt for a large reduction in the principal balance owed.