The claim: It is illegal for collection agencies to buy debt and 'come after you' if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers ...

Dealing with debt issues can be overwhelming, especially if your debt has been turned over to a debt collector to deal with. When your debt slips into collections, those simple monthly bills that you ...

Feel sick every time the phone rings? You’re not alone.

Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of recovered amounts, with businesses paying nothing upfront and only when collections succeed. Collection ...

(NewsNation) — American households owe a record $18.4 trillion, and federal data shows complaints about aggressive debt collection have surged over the past year. The Federal Trade Commission logged ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...