Credit Corp

MARCH 1, 2023

However, you can’t actually do this due to how debt buying works. Debts of this nature are sold in large bundles to debt collectors and other agencies. Learn more about how debt buying works, why it’s not an answer to your debt concerns, and what you can do to handle debt instead below.

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FFGN COLLECT NY

DECEMBER 12, 2023

In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case. You must inform consumers about the debt specifics. Debt buying is a common practice in New York. First, payday loans are illegal in New York.

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Collection Industry News

MARCH 30, 2025

The growth in the historic period can be attributed to rising consumer debt levels, economic downturns, growth in unsecured loans, expanding credit access, and elevating regulatory compliance requirements. The debt collection agencies market size is expected to see steady growth in the next few years.

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