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From my experience with collectors, no. It's not even mandatory that you communicate with them. If you do wish to clear things up and speak with them you should only relase information to them, that you feel comfortable with them knowing. On the other hand, if they should take you to court over a debt, you must give the judge answers about your financial situation if asked.

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Q: Is it mandatory in the US to provide private financial information to a debt collector?
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