More Consumers Claiming Debt Collectors Calling About Invalid/Paid Debt

The number of debt collection complaints in the CFPB’s consumer complaints database claiming that debt collectors are chasing incorrect debt increased in July compared to the previous month and quarter. Interestingly, there has been a sharp rise in consumers claiming that the debt in question has already been paid. In July 2014, the CFPB published 3,431 debt collection complaints, essentially unchanged from the 3,391 published in June. And for the most part, the complaint numbers were very similar. <more>