If you’ve got debts and haven’t paid them, you may want to be careful about your next Facebook status update.

Just like some employers who use Facebook and MySpace to vet job candidates, debt collectors are using these social networking sites, too.

“It is an important tool,” said Marc Davenport, president of RMI Consulting, a Houston commercial debt collection firm. “We do it because information is power.” More>>

 Channels: collectors, debt, social networks