As Cory Elliott’s construction company boomed, her debt woes began. She was indeed refused by 10 banking institutions for financing to enhance her St. Louis construction company, and a consultant that is financial hired recommended a popular alternative: a vendor cash loan. Half a year later on, she had been having to pay over $14,000 […]

The Department of Consumer and Worker Protection (DCWP)* created this glossary, which includes commonly used terms in debt collection communications plus references (laws, agencies) important for consumers to know to help consumers during the debt collection process. Italicized terms in information may also be defined within the glossary. Unless stated otherwise, all explanations mirror new […]