Did you know that collection agencies do much more than collect debt? They are also involved in their communities through charities; they go through extensive training programs and are well versed in the laws pertaining to collections.
In the United States, collection agencies accounted for over 302,000 jobs in 2011, according to an ACA International survey by Ernst &amp;amp;amp; Young. These employees helped their agencies to recover a total of $54.9 billion to the economy.
Most reputable agencies belong to ACA International, which has a focus on training, laws and financial education. They also have their own “Code of Ethics” and Collectors pledge which goes above and beyond actual laws to ensure consumers are dealt with […]