debt collection

Everything You Need to Know About Debt Collectors and Your Rights

Debt collection is a whopping $11.5 billion industry, and around 28% of Americans currently owe money and are being sought out by a third party debt collection agency, according to the Bureau of Consumer Financial Protection (BCFP). Debt collectors often prey on creditors’ ignorance. In 2018 alone, the Federal Trade Commission (FTC) banned 32 companies