Each year, millions of college students rack up student loans that won’t come due until they leave school. But even with financial aid, some students have trouble keeping up with the soaring costs of tuition, and once that debt ends up in the hands of a collection agency, the amount can mushroom out of control while the student is still in school. [More]
private debt collectors
Huge Collection Fees Making It More Difficult For Cash-Strapped Students To Afford College
By 8.7.17
IRS Will Begin Working With Private Debt Collectors This Month
By 4.4.17 — Updated: 5.10.17
The Internal Revenue Service has released additional details about its new program that turns certain delinquent accounts over to private debt collectors, giving us some idea of when these collection calls will begin, and how many accounts will be affected.
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Provision In Highway Funding Bill Would Require The IRS To Use Private Debt Collectors
By 11.2.15
While federal regulators continually work to crack down on private debt collectors that utilize unsavory, illegal tactics to make consumers pay up, government agencies often contract these entities to collect a variety of debts. That practice could continue if a provision in the Highway Trust Fund Bill receives approval. [More]
IRS Fires Private Debt Collectors, Plans To Pursue Deadbeats On Its Own
By 3.7.09
The IRS has ended a controversial program that allowed private debt collectors to pursue individual debts owed to the government. The private debt collectors, described as “bounty hunters who collect taxes from vulnerable people for profit,” were allowed to keep 25% of any collected debts for themselves. Before we celebrate, let’s all take a moment to join Senator Charles Grassley of Iowa in thinking about those poor private debt collectors who no longer have jobs harassing and abusing people…
