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What are the differences between unsecured consumer and business debts?

April 26, 2017Business consumer debts differences unsecured

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What are the differences between unsecured consumer and business debts?

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Unsecured consumer and business accounts must be accurately classified at the time of enrollment to ensure the appropriate accounting rules, Federal and/or State laws are properly and accurately referenced when communicating with original creditors, debt collectors, Courts, and other parties.