Common misconceptions about Collection Agencies

An interesting article, clearing up common misconceptions about Collection Agencies.

From Forbes blog:

If you ask the average person, “What does a debt collection agency do?” they would most likely respond, “They, uh…collect debts.” But ask them to elaborate a little and you might get something that starts like, “Well, first they buy a bunch of debt for pennies on the dollar, then…” This is where they start getting it wrong.

click here for the article.