The most stringent step in the collection process is ________.
A) letters
B) personal visits
C) collection agencies
D) legal action

Question

Quizplus · Accepted Answer

Legal action is the most stringent step in the collection process as it involves taking legal recourse to recover the debt. It is a formal and serious step which involves the intervention of the court system and can have serious consequences for the debtor, including wage garnishment and property seizure. Therefore, it is usually considered a last resort in the collection process.

The Most Stringent Step in the Collection Process Is ________