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Challenges of Out-of-Statute Debt Collection by Simply Debt Solutions is a document available to read on EtoBox.

Timothy McCollough stopped paying on his Chase credit card in 1999 due to disability but was still being pursued for the unpaid balance over a decade later. Debt collectors routinely buy and sell expired debt for pennies on the dollar in the hopes that debtors will make small payments that restart the statute of limitations. The FTC recommends reforms to prevent abusive practices by debt collectors pursuing expired debt, including requiring clear disclosure of statutes of limitations and that partial paymen

Author

Simply Debt Solutions

Language

EN