Released every month our debt collection blog contains news, stories and tips to keep you informed.
In the US, the Georgia Consumer Protection Office gave orders closing a debt collection business and to stay out of the industry for 5 years. This stemmed from accusations of:
The owners of the business agreed to pay a US$15,000 fine now with a US$445,000 fine payable if they re-enter the debt collection industry within 5 years.
As part of closing the business, over US$3M loans under collection will no be collected.