A recent Money.com article exposes a dramatic rise in debt collection calls, particularly in Q1 2025, when complaints to the FTC more than doubled—from around 45,000 to over 112,000. This uptick, money experts note, is driven by both traditional collectors intensifying recovery efforts and an increase in scam activity—all set against the backdrop of record-high household debt (now over $18 trillion) and growing delinquencies.
Amid this surge, Michael Boggiano, Managing Partner at Wealthcare Financial, comments that the situation reflects “a perfect storm”: heightened stress among consumers paired with a wave of fraudulent actors posing as debt collectors.
