The State of New Jersey has become the capital for collection agency. More collection agency are currently working out of New Jersey then any other state in the United States. This is a by product of the state giving incentive to small business to come to state and starting new business.
This may be a great story but at the same time, many of these collection agency are being run by ex felons who are fighting the law with their collection efforts. It was recently reported that one of the biggest collection agency in New Jersey was able to generate huge revenue because they were pretending to be attorneys and threatening to take bogus legal action against debtors for their money.
The State attorney general has been reviewing the matter and investigating many agency.
So be careful if you start to see new files referred from New Jersey.