Minnesota debt collector’s license revoked for not paying its clients

Oh, the irony. A Minnesota debt collector, Accounts Receivable Control Inc., had its debt collection license revoked after a state audit found that it owed nearly $200,000 to its clients, even after it had collected that money from Minnesota consumers. The debt collection agency has been sold to another owner who agreed to pay its clients and take steps to see that this doesn’t happen again.

Debt collector loses license over his debts | Star Tribune | August 24, 2010