Additional Information
Please fill-in the following information before you start your courses:
First Name: Last Name: Organization/Agency your work for: (Please put N/A if you are not working for anyone) City and province: Which of the following financial empowerment services does your organization provide? (Check any that apply): Save
Show inline popup

Past Due: Debt-collection reforms that protect consumers not found to restrict credit availability
Get it

You need to login or register to bookmark/favorite this content.

Debt buyers, specialized debt-collection companies, purchase defaulted consumer debt from creditors such as credit card companies for pennies on the dollar. Debt buyers then attempt to collect the debt, often by suing borrowers in court. State and federal officials should continue to strengthen the rules and laws for debt collection and debt buying to better protect consumers. Debt collectors should be required to possess and review full documentation about a borrower and the borrower’s obligations before pursuing collections or a lawsuit.

Author: Bill Sermons, Leslie Parrish, Lisa Stifler
Topic: Credit & Debt
Publisher: Center for Responsible Lending
Location: United States
Format: Report
Content Type: Research
Publication Date: April 4, 2016