Debt Collection: Why Most People Just Pay
Why You Often Don’t Owe Collection Costs: Understanding ‘Verzugsschaden’ Many individuals in Switzerland, and likely across Europe, find themselves facing unexpected and often substantial charges added to existing debts – known as ‘Verzugsschaden’ (default damage). This encompasses collection fees, late payment penalties, and other costs levied by creditors and collection agencies. Whereas it’s common to … Read more