InsideARM.com Reports Drastic Increases in Complaints in the Debt Collection Field

There have been drastic increases in Federal Trade Commission complaints dealing with debt collection. Consumers filed close to 120,000 complaints in 2009 against 3rd party debt collection agencies and companies. With the current economy and the rate at which people are owing money it is not a surprise that there was an increase on the number of complaints. The more people the debt collection industry works with the more opportunities there are for complaints; that is the case for any industry as well. If there was an increase in individuals going to the hospital there would be a large increase of complaints in the medical field. The fact of the matter is complaints are directly related with the amount of consumer activity and that is the same for any industry.