The debt collection profession is booming.
More than 4,000 lawyers are currently employed in the United States, according to the Association of State Attorneys, or 4,500 of those attorneys.
The attorneys’ fees they collect range from $50 to $250 per debt, according in an article in the New York Times.
This growth, however, has also brought new concerns for many consumers.
Many of these attorneys don’t take on debt collectors.
The New York Post recently published a list of some of the attorneys it found who do, but it included the lawyers who had been sued for allegedly overcharging or making fraudulent claims.
These attorneys may not be the most ethical, according the article.
One attorney, Robert W. Kastner, told the Post that his practice “did not charge us for any services we did, and we did not receive a referral fee or anything like that.
It was simply an agreement we had with the lawyer and that was that.”
Another attorney, Stephen W. Loh, said his practice was “in good standing.”
The article noted that some debt collectors are “not licensed or credentialed in their field.”
In addition to not being accredited, many of these lawyers don’t have the proper credentials to work as debt collectors and thus may not have the skills needed to make a good judgment call on debt collection fees.
They may also be unwilling to take on more cases because they might be too busy and don’t know where to begin, according The New Yorker article.
This is especially true for those who specialize in collection.
One lawyer, Daniel J. Hovde, told The New Republic that he works for more than 50 different debt collectors in the country.
He said his job is to collect debt on behalf of clients who are “in a bind.”
The New Orleans Advocate noted that Hovdre said he works with debt collectors “on the side.”
“I’m in a position to make mistakes,” he told the newspaper.
“I just don’t think there’s any excuse not to do the best job I can.”
Another lawyer, Paul P. Siegel, told Newsweek that he was not an expert in the debt collection industry, but that his clients were aware of his practice.
“My clients don’t ask for it,” Siegel said.
“They’re just looking for an attorney.”
Some attorneys are not particularly good at collecting on debt, as well.
For example, there is no evidence that many debt collection attorneys know how to properly handle credit card debt.
In fact, there’s a growing body of research that suggests that many consumers don’t realize the impact of debt collection on their finances.
In the article, a report from the American Institute of Certified Public Accountants found that about 25% of consumers surveyed did not realize that they were subject to “collection” fees, such as interest, for credit card transactions.
The report also noted that many people did not know that collection fees can have a negative impact on credit scores, which may affect their ability to borrow money and make purchases.
“It’s very hard to understand how someone can have debts, especially credit cards, without being aware of the risks and the consequences,” said the report’s author, Robert S. Luevano.
“And there’s no way to know when you’re being charged the wrong amount.”