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  2. Debt collection - Wikipedia

    en.wikipedia.org/wiki/Debt_collection

    A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]

  3. Debt buyer (United States) - Wikipedia

    en.wikipedia.org/wiki/Debt_buyer_(United_States)

    The debt collection industry which includes debt buyers, "in-house collection departments, third-party collection agencies, and collection attorneys", recover and return "billions of dollars in delinquent debt" to "card issuers and other creditors" annually which "increase[s] the availability of consumer credit and reduce[s] its cost". [2]

  4. Consumer bureau orders debt collection agency to shut down ...

    www.aol.com/consumer-bureau-orders-debt...

    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 ...

  5. Consumer Financial Protection Bureau - Wikipedia

    en.wikipedia.org/wiki/Consumer_Financial...

    The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...

  6. How to spot debt collection scams: 8 signs to watch out for

    www.aol.com/finance/spot-debt-collection-scams-6...

    Here’s what you can do if you receive a debt collection text, call, email or letter: Get contact information . Request the caller’s name, company details, street address and a callback number.

  7. How to pay off a debt in collections

    www.aol.com/finance/pay-off-debt-collections...

    If you’re behind on payments for several months, your debt may be sold to a collection agency that will contact you to arrange payment. ... consumer debt grew a lot, starting at $15.85 trillion ...

  8. How to Deal With Debt Collectors: 5 Steps Anyone Can Take

    www.aol.com/deal-debt-collectors-5-steps...

    What to do. Where to go. File a complaint about a debt collector or creditor's in-house collection agency. U.S. Consumer Financial Protection Bureau, 855-411-2372 or the complaint form on the CFPB ...

  9. Fair Debt Collection Practices Act - Wikipedia

    en.wikipedia.org/wiki/Fair_Debt_Collection...

    The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of that Act.

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