Debt Collection Scams Are On The Rise! Learn How To Protect Yourself
And Your Business From Being Taken Advantage Of!

Debt collection scams have increased as consumer debt has grown over the last decade. This has created exponential growth in the collections industry.

Businesses who extend credit don't have the time or means to dedicate to pursuing the thousands of people who owe them every year and fall into delinquency.

Third party collection agencies will buy this bad debt from creditors, often for pennies on the dollar, from the total original amount.

They will attempt to recoup as much of the original amount as possible. Sometimes, they resort to illegal activities: obscene and abusive language, or threats of violence and lawsuits.

Another common practice involves an agent calling a debtor. Using enticing or even more aggressive language, they talk the debtor into paying a little of the total debt amount due.

After persuading them to do so, they then use the bank info to withdraw more money from the customer's bank account, sometimes even depleting the account.

As a business owner, its important to be aware of all federal and state laws governing the activities of collection agencies. It is imperative that you do your due diligence in the recovery of debt.

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