Friday, July 06, 2012 - Posted by Philip Harvey
In the US, there are some debt collectors who are collecting student
loan debts that earn over US$450,000. Reportedly 7 staff working for
Educational Credit Management earned over US$400,000 through
commissions, which are up to 31%. The CEO of the company reportedly
earned over US$1 million.
Educational Credit Management is a not for profit group that works with
the government to collect student loans that are in default.
Student debt in the United State has become a big issue, with the value now over US$1 trillion.