FTC stops “debt parking scheme” by debt collector Midwest healing techniques

FTC stops “debt parking scheme” by debt collector Midwest healing techniques

The Federal Trade Commission (FTC) prohibited a financial obligation collector, Midwest Recovery techniques from placing bogus or highly debateable debts into customers’ credit history. The scheme can be referred to as “debt parking” or “passive commercial collection agency.”

Based on the FTC, a customer just discovers that she or he is just a victim of a bad debt parking scheme when their credit file will be checked regarding the a company deal.

For instance, an ongoing business will access a consumer’s credit report as he or this woman is attempting to start a charge card, buy a car or a property, or trying to get a task.