are debt collectors licensed 
whether a debt collector is licensed depends entirely on the state where they re employed some states have licensing requirements for debt collectors while others do not all debt collectors in the u s whether licensed or not must comply with the federal fair debt collection practices act and some states have specific laws in place to regulate collectors and protect resident borrowers the bottom linedebt collectors provide a useful service to lenders and other creditors that want to recover all or part of the money that is owed to them at the same time the law provides certain consumer protections to keep debt collectors from becoming too aggressive or abusive 