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Collection Industry insiders understand that their business supports the economy, helps lenders and retailers recoup costs and tames prices on goods for all of us, but John Q. Public only remembers that his third cousin's fishing buddy once heard from a rude collector.
June 1 -
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Home prices have plunged. Mortgage payments are set to jump. And now this: more and more homeowners are walking away from their mortgages, returning the keys to lenders rather than trying to keep up with rising payments on deteriorating assets.
May 30 -
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Consumers lodged 70,951 complaints of violations of the Fair Debt Collection Practices Act by third-party debt collectors last year, 2.4% more than the 69,249 complaints received during 2006, according to the Federal Trade Commission's annual report, released March 21.
May 1 -
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