It is about time

Article in yesterday’s Wall Street Journal entitled “U.S. Gets Tougher on Debt Collecting” by Jessica Sulver-Greenberg.

The first paragraph states,

The Federal Trade Commission intensified its crackdown on the booming debt-collection industry, announcing a $2.5 million settlement with a company for allegedly coercing borrowers into paying debts they no longer legally owed.

Hey folks, if you don’t legally owe the debt (not talking from a moral perspective), don’t allow debt collectors to bully you to pay!

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