Controversy Accompanies Growth In Debt Collection

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004740-controversy-accompanies-growth-in-debt-co/

By PAMELA YIP, Knight Ridder News

Thomas Backal calls his line of work the “ugly toe” on the big foot of commerce – “something that nobody wants to talk about.”

Backal, 32, is chief executive of Anderson, Crenshaw & Associates in Dallas, which operates Debt Liquidation Group, a debt-collection company.

His 3-year-old firm, which he says could reach $3 million in revenue this year, has found a niche in the fast-growing but still highly decentralized industry. There are about 6,500 “accounts receivable management” firms nationwide, including 1,100 operating in Texas and more than 100 in Dallas-Fort Worth.

Despite the industry’s shaky public image, Backal and his competitors make no apologies for how they earn a living.

For this complete story visit Controversy accompanies growth in debt collection.

Controversy Accompanies Growth In Debt Collection

Unknown Author

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