What does collectability mean

What does collectability mean

Q.

What does collectability mean?

A.

Collectability is a very important term to understand in the collection world. It means the actual ability to recover money or assets to pay off your claim. It’s not whether you can get a judgment. It’s whether the judgment you’re seeking is collectable. The question is: Does the debtor have the ability (financially) to pay you back, whether it’s in the form of money or resources.