Consumer debt buyers rarely get thorough documentation of the defaulted loans they purchase, a Federal Trade Commission report found. The conclusion could lead to greater scrutiny of how banks recoup charged off debts by selling them to collectors.

The FTC report — billed as the first comprehensive picture of the market for defaulted consumer debts — looked at all debts, from medical to utility bills. But defaulted credit card debts dominate the debt buying market, the FTC found, with more than $55 billion in such accounts selling every year. These debts — which sell for an average of 4 cents on the dollar — make up more than 70% of the total debt sales market.

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