Legal Question in Credit and Debt Law in Illinois

I am a sole individual who purchases and collects on distress debt (credit cards) I am the only employee for my company do I have to be licensed and bonded to run business?


Asked on 3/13/14, 4:39 pm

1 Answer from Attorneys
Jonathan Shimberg Shimberg and Crohn, P.C.

Yes. You are a collection agency. If you do not register, you may be barred from collecting any debt.

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Answered on 3/13/14, 5:47 pm


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