Bill Collectors Get Social

Facebook has become a great tool for many, including debt collectors who must track down those who owe money.

Monitoring someone’s online presence is a good way to get information, and you don’t have to be a Facebook friend to do that. According to Michelle Dunn, CEO of the American Credit and Collections Association and author of “Dos and Don’ts of Online Collections Techniques,” If they don’t have a good phone number or the mail’s being returned, a lot of them use Facebook to find out if they have a different address or their employment information.”

Worried? Just pay your bills on time.