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Rogue Debt Collectors on CNN

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Ism

Joined: 13 Feb 2008
Ism's page
Posts: 44

2506 Magic Points

Subject: Rogue Debt Collectors on CNN

Sat Mar 01, 2008 8:33 pm

On CNN.com, there is an article about "rogue debt collectors" and talks about the rules collectors should follow.

Interesting that something that used to be so embarrassing is now a story on the front page of CNN.

Makes me wonder if recent events in the economy have created this debt situation or if the debt helped bring down the economy.

Read it and see what you think.

http://www.cnn.com/2008/LIVING/personal/02/29/rogue.debt.collectors/in dex.html

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 1591

5013 Magic Points

Sat Mar 01, 2008 10:07 pm

I believe it is a little of both. Some people aquire credit card debt when a loved one gets sick and the costs of their medication eats away at the family funds. I think we will see alot more of these stories in the future with the fall of the economy people are left to rely more and more on credit cards. I also think those companies are aware of that factor and benefit from it. What really angers a person is when you hear of them harassing people the way they do. Alot of people never expected to reach the debt amount they are at. That alone along with illness or whatever circumstances already leaves the person in a fragile state zand under a lot of stress. They don't need these unfair acts to contribute even more.

anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 334

8619 Magic Points

Wed Mar 05, 2008 11:56 am

Debt is such a thing which pricks you as long as you keep it. If you have taken a credit remember, do that only if you know you can pay it back. Do not leave your decisions for the future.

Learn your rights mainly FDCPA and the FCRA to fight back in case of illegal actions.
_________________
Anthony..

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 1591

5013 Magic Points

Wed Mar 05, 2008 8:04 pm

It sure can come back to haunt you (debt) and cause you alot of stress that is for sure. Thanks to the referral to those web sites.


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