Though a lot of the damage is self-inflicted, few industries are as maligned as the debt collection industry. A growing number of suits are being filed by the FTC and the bureau keeps receiving complaints about debt collectors from consumers. Resource for this article: Debt collector complaints surge along with FTC lawsuits

Increasingly more fed suits

Collectors do not have a simple job, trying to get individuals to pay debt they incurred and can’t pay. Several debt collection firms and employees are as honest and honorable as anyone in any other profession, but the number of bad apples in the trade has been giving the market a bad name.

Fewer people complain about online payday advance lenders than they do about collectors.