Collection Agencies & Their Agents by Jonathan Summers
Debt collection is growing business in tight times. Millions of Americans are just weeks away from bankruptcy struggling to make ends meet. Now debt collectors have new strategies to try to get what they're owed. & some of those tactics are suspicious.
Beth Givens a privacy expert with Privacy Rights Clearinghouse said she sees it as a growing problem. Debt collectors have begun telephoning other family members friends even neighbors trying to locate debtors. Expect mail emails even voice mails texts.
Givens wants people to comprehend they do have rights that some of the new approaches may be illegal. "If you are in debt know that there is federal law that puts limits on the kinds of communications that debt collectors can have it pays to really be informed," Givens advised.
Debt collectors can use references on credit applications other paperwork to find people you know. You may have used them as references to secure loans or credit. Collectors can ask them where YOU are. But they don't have to give that information up. & they should know collectors can't ask your friends to pay the debt for you. "A collection situation is never easy for a consumer to deal with," advised Ken Paterson who is with the Credit Advisory Service.
Paterson said people should also know their own loan companies may act as collectors. That certainly was a shock for Laura Wynn whose car loan company called her sister. "My sister called me very upset said that somebody had called wanted to know if she knew what kind of person I was the lack of integrity that I held," she said.
If you do feel harassed you can file a complaint with the Federal Trade Commission. Beth Givens said she expects collections to boom. "In this time of economic downturn debt collection is growth industry so I think that we're going to be hearing more complaints about debt collectors. " your best bet don't dodge the debt collector's call. If they can reach you they're less likely to start calling family friends.
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