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Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 5: Improper contact or sharing of information.
million to consumers harmed by Arete Financial Group, a studentloan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising studentloan debt relief. For more information, click here.
Wage garnishments are put into place to recover unpaid taxes, outstanding child support, studentloans, court judgments, or unpaid bills. The first step in implementing a wage garnishment is for the collectionagent to obtain a judgment against the debtor. This can be done legally by obtaining a court order.
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