1. Debt collectors come when you owe money, basically when you've failed to keep up with a payment.
2. Debt collectors come when you owe money, basically it is when you've failed to keep up with a payment.
Is two considered a comma splice with it is.
panda blue 483 1. Debt collectors come when you owe money, basically when you've failed to keep up with a payment. This is informally punctuated (though other elements of the sentence, such as the use of "basically" and the contraction "you've", are informal anyway).
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panda blue 4831. Debt collectors come when you owe money, basically when you've failed to keep up with a payment.
This is informally punctuated (though other elements of the sentence, such as the use of "basically" and the contraction "you've", are informal anyway). More properly I would use a dash.
panda blue 4832. Debt collecto