Credit Bureaus and Collection Practices

Complete the following survey
Name: 


  1. The collection industry is a lucrative business, producing over $40 billion a year in revenues from fees paid to collectors?
    True
    False
    Have No Clue


  1. Collectors can buy debt for as little as 25 cents for each $100 in face value. making a huge profit.
    True
    False
    Have No Clue


  1. A person that owes debt has few legal protections and should receive multiple calls at work and home which are unpleasant in nature.
    True
    False
    Have No Clue





Mrs. Chang
North Hunterdon Business Instructor
North Hunterdon High School
Annandale, NJ