Myth: All debt collectors are the same.

Fact: There are differences between “in-house” debt collectors and “third-party” debt collection professionals. In-house debt collectors are often credit granters, while third-party debt collectors are licensed collection agencies. Also, the FDCPA, a federal law regulating collections, applies directly to all third-party debt collectors, but only under certain circumstances does it apply to in-house debt collectors.

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