Legitimate first party debt collection is. The problem emerges when the debt is sold and resold for pennies on the dollar to unethical people that use unethica

Legitimate first party debt collection is. The problem emerges when the debt is sold and resold for pennies on the dollar to unethical people that use unethical means to collect on debt that may not even be legally actionable any more (i.e the debt was paid off, written off, or other wise cancelled by a number of programs or other factors but still ends up on a list some where) This is one area that needs more regulation, and personally I would like to see these 3rd party debt collectors stopped as a industry, if the bank does not care enough to collect on the debt personally then it should simply be vacated