U.S. Debt Collectors are estimated to have directly contributed 286 million dollars in local taxes, 391 million dollars in state taxes, and 852 million dollars in federal taxes. That’s a combined tax contribution of over 1.5 billion dollars!
The debt collection industry hasn’t always had the most positive image. Being debt collection attorneys, we know this better than anyone else. The industry has garnered such a reputation due to the actions of a few unscrupulous individuals and we say that enough is enough!
The debt collection industry is responsible for contributing a large portion to state as well as federal budgets.