Buying and selling debt has become a big business in the U.S. The FTC found that debt buyers typically purchase portfolios of debt for only four cents on the dollar, on average, and then collect on those debts for the full face value -- which nets them a huge profit.

OWS is certainly muscling (buying?) its way in, but with a "business" model that collection agencies and debt buyers would not have entertained in a lifetime.

Debt collectors and district attorneys are teaming up to bully bad-check writers into paying their debt, including a California woman who bounced a $4...

A Minnesota hospital company that worked with debt-collection firm Accretive Health is in hot water with the federal government over allegedly harassi...

Ever wonder what happens to the friends, fortune and family of a whistleblower? Taking it all in stride and landing a better-paying job? Vacationi...

The Fair Debt Collection Practices Act says that if a collection company is trying to get you to settle a debt, they can only call you between 8 a.m. ...

In an era of Netflix, you might think being hounded to pay late fees on video rentals a thing of the past. You would be wrong. Consumers have file...

The mayor of one Florida town may have just sicced debt collectors on himself. Steve Bateman, the mayor of Homestead, Florida, owes thousands of d...

The problems just keep piling up for the nation's most famous collector of hospital debts. Accretive Health, the Chicago-based debt collection comp...

There's a right way and a wrong way to collect debts. And the wrong way definitely involves pocketing the funds you take in and using them to buy a bo...

No one at the hospital ever said Bruce Folken's medical care would suffer if he didn't pay up, but it sure felt that way. Folken, 62, went to Fairv...

The city of Canton, Ohio might be giving the debt-collection industry some rather good business soon. The Canton city council will vote Monday on w...

Another day, another story of debt collectors acting shady. Some California residents recently started getting threatening calls from fake debt col...

One woman is having trouble getting a debt collector to fork over its debt to her. Diana Mey, a West Virginia housewife, won an eight-figure court...

Your Facebook profile can and will be used against you. A recent segment on KDVR, the Fox affiliate for Denver, reminds us that collection agencie...

In the latest example of aggressive debt collector tactics, an Illinois woman found herelf jailed over a bill she didn’t even owe in the first place...

It's a debt collector's job to be nasty. And lately, they've performing that task quite well. Debt collectors have been adopting increasingly unpl...

The government's efforts to police debt collectors -- an ongoing battle that has drawn in countless ranks of cash-strapped consumers in recent years -...

If there is one thing that most Americans might agree upon it is that the debt collection industry and the work it performs ranks in status somewhere below that of a Wall Street Banker and slightly above that of a U.S. Congressman.