It is estimated that the average American holds about 13 different credit cards, and the total amount of debt ranges from $8,000 to $9,500.

So it is not surprising that the amount of overdue debt and the number of debtors in the U.S. is steadily increasing.

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This year 181 million Americans owe the banks for credit cards alone - almost 20 million more than in 2008, and the total debt is hundreds of billions of dollars.

Collectors in the USA are working on getting these debts back.

In 2009 over 20 billion dollars of penalties were accrued only on the debts of unlucky recipients of bank loans in America, not even including the mortgage. Indeed, in the case of delay in payment on the loan taken in U.S. banks, the first time the debtor begins to "drop" rabid by U.S. standards, "default interest" - 28.9 percent per annum. By law, fines, penalties, and increased interest are charged on overdue credit only for the first three months. Starting from the 91st day, the proceeding with the unconscious borrower is usually assigned to a private collection agency.

This is where the fun begins.

They start "bombarding" the debtor with phone calls to his home phone, sending letters, and reminding him of the urgent necessity to return the debt. According to the law "Fair Debt Collection Practices Act" passed in the USA in 1978, they must do it according to strict rules. In particular, "bad debt collectors" in America are forbidden to disturb their insolvent clients early and late, threaten to arrest and use rude words, call unscrupulous debtors at work, and give them incorrect information.

Today about 6,500 collection agencies are operating in the U.S., whose business was booming before the financial crisis. Collectors managed to earn huge sums by buying up bad debt portfolios from banks, insurance companies, and utility providers for 10 percent of the amount or getting 20-25 percent of the returned debt.

However, since the beginning of the economic downturn in America, these organizations have been taking losses - many Americans have no money to pay.

If you compare to 2007 when the network was able to collect 40 billion dollars in debts, in 2008, the income of many collection agencies decreased by 30-80%.

After getting into a debt hole, from 1 to 2 million Americans a year prefer to declare bankruptcy which is an option for private individuals according to the U.S. law on bankruptcy. This step can lead to property loss by court order, but it is often more profitable than paying money to banks. It is also an opportunity to "restructure" your unsettled debt for several years.