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Read on for our take on what’s impacting consumer finances, how consumers are reacting and what else you should be considering as it relates to debt collection today. In September, the bureau issued its annual report on debt collection, which highlighted aggressive and illegal practices in the collection of medical debt and rental debt.
Consumer data collection began with punch cards and quickly progressed to magnetic tape. What Do the Credit Reporting Agencies Do? Credit reporting agenciescollect consumer datamostly related to financial matters such as accounts and payments. Experian Experians origins go back to an electronics business called TRW.
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