Debt Collection Facts & Stats
Understand how collection works and how many people face issues each year.
If you need to make key decisions about how to address collector harassment, you need to know how the debt collection process really works and how the FTC views collection practices – both lawful and unlawful.
It can also help to know what other consumers are experiencing, so you can decide if your own situation with an aggressive collector crosses the line. With that in mind, we also provide some helpful statistics direct from the organization that handles collection complaints – the Consumer Financial Protection Bureau (CFPB).
The information below is designed to help you understand debt collection, the collection process, and how debt collection impacts U.S. consumers each year. If you’re facing collections, we can help you find a solution. We can also help you address problems with unethical and over-the-top collectors who won’t follow the law. Call us today or complete the form to the right to request help online.