There are many collection agencies in the United states. Collection agencies serve a vital purpose to the United States Economy.
When consumers default, banks must try to get the money back. Often times getting their money back is not that easy. Collection agencies help this process and stimulate the economy. Charged off credit card debt was in excess of $30,000,000,000 last year alone. Thats allot of money.
Collection agencies must be used. If not, we are all in trouble. Read more about collection agencies.
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