American Debt Collection

Currently, $67 billion in U.S. federal student loans are in default and the Department of Education now contracts with aggressive collection agencies.  In 2011, these private companies made $1 billion in commission, as complaints against said companies jumped 41%. Here’s how to protect yourself from aggressive debt collectors: (click to enlarge)

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Infographic courtesy of Frugal Dad

Sources:

M. Carmen Santos http://www.flickr.com/photos/65205804@N00/