Economy Sparks New Concepts With Collection Agency Saint Petersburg, FL – January 29, 2009 — As the economy slumps, more consumers than ever are failing to pay their debts – which causes financial distress to the businesses that lent them money. According a recent article in Business Week, credit card issuers expect bad debt to reach an estimated $96...

As the economy slumps, more consumers than ever are failing to pay their debts -which causes financial distress to the businesses that lent them money. According to a recent article in Business Week, credit card issuers expect bad debt to reach an estimated $96 billion in 2009 – and that’s just on credit card debt. Until recently, small businesses who hired...