A growing U.S. economy will inherently effect the debt collection industry, and as job opportunities increase, Americans will be able to pay their debts more effectively. According to an Associated Press survey, the U.S. economy is projected to grow at a faster rate than it has in the past year. Before there is significant job growth in the United States, Dean Maki, chief U.S. economist at Barclays Capital, explained to the AP that the country must overcome its vulnerability to another recession. The European debt crisis could stall global credit and those effects will certainly impact the American economy. The AP reveals that 21 of the economists surveyed suggested that the European crisis is a huge threat to the United States. "If it were a big enough downturn, given the size of Europe, it could bring the world economy down into recession," Allen Sinai, president of Decision Economics, said in a statement to the AP. Chad Moutray, chief economist for the National Association of Manufacturers, the expected economic growth in the United States still won't be enough for significant job growth. "I just don't know if it's going to be enough to bring the unemployment rate down," Moutray stated to the AP. Debt collectors should be aware of this potentially hazardous situation in the coming months and may want to become increasingly vigilant in their efforts to obtain debts. Although continuously contacting a debtor is considered abusive behavior and against the standards of the Fair Debt Collection Practices Act, legal action can be taken against an individual that has shown purposeful negligence to their debts. In addition, a bad credit report should be filed against the debtor to encourage them to pay their dues. During the New Year, one of a debtor's resolutions should be to pay their debts in a timely fashion. At the same time, a debt collector can aid the debtor in finding a resolution to their debts by offering adjusted payment plans, such as lower monthly payments with an added interest rate.