They Have to Follow Rules: 10 Things to Know If Debt Collectors Are Calling

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They Have to Follow Rules: 10 Things to Know If Debt Collectors Are Calling

Oct, 14th 2016

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Christyn Gionfriddo wracked up $92,000 in college debt, and at 29 years old, is still living in her childhood bedroom. Doug Hood/Asbury Park Press

Are you getting telephone calls from debt collectors?

The calls might be coming in fast and furious, urging you to pay up. It could be an old doctor's bill you forgot about or a store credit-card balance that you still owe.

It's an important issue. According to a recent study by the Consumer Protection Financial Bureau, one in three consumers have been contacted in the past year by a creditor or collector trying to collect a debt. Of those, a third reported an attempt to collect the wrong amount, the study said. The bureau is in the midst of an overhaul of...

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