Which of the following is not true of debt collection in the United States?
A)The industry employs nearly 120,000 workers.
B)It includes calls and letters.
C)It includes filing lawsuits to collect the debt from consumers.
D)It includes workers across approximately 8,000 collection agencies.
E)It is only a $1 million industry.

Question

Quizplus · Accepted Answer

The debt collection industry in the United States is significantly larger than a $1 million industry, making this statement untrue. It is a multi-billion dollar industry, reflecting its extensive scale and impact on the economy.

Which of the Following Is Not True of Debt Collection