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Tag: abuse

CONSUMER DEBT: What Collection Agencies Can & Cannot Do

From Mumbai to Manitoba, there are often horror stories in the media of people being (verbally) abused, beaten up, chased down, dragged out and subjected to such other atrocities because they have some form of debt obligation, such as a personal loan, credit card purchases, purchases by way of installments, or a line of credit to be repaid, again by installments. Their tormentors are known as collection agents; those familiar with the organized crime or loan shark syndicates may call them goons.  Although this article wont necessarily apply to the latter, it will to the Collection Agencies.

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