Bad Debt Collectors and Their Prey: NYT Editorial Board
An excellent November 17, 2015 New York Times editorial highlights several widespread abusive collection practices, and calls on states to update collection and garnishment laws to better protect consumers from predatory debt collectors. “For example, companies that buy up consumer debt for pennies on the dollar from creditors and then try to recover the full debt for themselves often pursue people for debts that are too old to be legally collected or fake documents intended to show that the debt is authentic.” For years, consumer advocates have been pointing out these types of abuses. Perhaps the NYT coverage will lead to greater public awareness and thereby subject collectors and the court system to greater scrutiny. The editorial is reprinted in full below:
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