In 2013, the Debt Collection industry recovered approximately $55.2 billion in total debt, on which they earned close to $10.4 billion in commissions and fees. Removing these agency earnings from the total debt recovered leaves nearly $44.9 billion in debt that agencies returned to creditors.
As debt collection attorneys, we are more than aware of the bad reputation our industry gets because of a few bad players. ENOUGH!! We have launched this series of Debt Collection factoids to throw some Florida Sunshine on the debt collection industry. Debt Collection serves a vital part of the Florida Economy, and the US Economy, and we are proud to represent you in collecting what you are owed.