Money & the Law: Statutes Govern Debt Collection Practices
Gazette, The; Colorado Springs, Colo. › May 14, 2011
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Summary
Although the recession has been hard on most businesses, one business that's booming (at least in terms of keeping busy) is debt collection.
Debt-collection companies buy delinquent accounts from various sources, either at a deep discount or in exchange for a percentage of what is collected. They then go to work trying to obtain payment.See the full content of this document
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Money & the Law: Statutes Govern Debt Collection Practices
Back in the old days, debt collectors relied on a variety of tactics intended to annoy, harass and threaten debtors as a means to encourage payment. Included in the debt co...
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