What A Debt Collector Cannot Do To You

Here’s just a short listing of what debt collectors are barred from doing as they hound you over past due debts:

It’s the law… extracted from the Fair Debt Collection Practices Act, published by the Federal Trade Commission…

Harassment or abuse – A debt collector may not engage in any conduct the natural consequence of which is to harass, oppress, or abuse any person in connection with the collection of a debt. Without limiting the general application of the foregoing, the following conduct is not allowed:

(1) The use or threat of use of violence or other criminal means to harm the physical person, reputation, or property of any person.

(2) The use of obscene or profane language or language the natural consequence of which is to abuse the hearer or reader.

(3) The publication of a list of consumers who allegedly refuse to pay debts, except to a consumer reporting agency.

(4) The advertisement for sale of any debt to coerce payment of the debt.

(5) Causing a telephone to ring or engaging any person in telephone conversation repeatedly or continuously with intent to annoy, abuse, or harass any person at the called number.

For additional background, check out this post on FindHow2.com: “Beware The 7 Biggest Lies Bill Collectors Tell To Intimidate You Into Paying Up”

Student Loan Borrowers Still Face Roadblocks When Dealing With Student Loan Debts

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The federal consumer financial protection bureau recently reported how student loan borrowers have been facing new problems getting the appropriate help in dealing with their loan paybacks… and a part of their latest report on the matter states:

“The Higher Education Act provides for a series of protections intended to facilitate repayment success, including the ability to make income-driven payments, receive loan discharge in the event of total and permanent disability, and consolidate older federal loans to become eligible for specific loan benefits.

“Yet federal student loan borrowers continue to struggle to access the protections guaranteed under federal law, many of which are designed to help borrowers avoid delinquency and default during periods of economic disruption or distress.

“The Bureau has previously discussed how servicing breakdowns can delay, deter, or deny access to federal benefits and protections, rendering them illusory for many student loan borrowers.”

David Lazarus wrote this opinion column on the Los Angeles Times website to draw attention to ignorant attempts by GOP lawmakers to muddle up this mess:

The GOP would rather see student borrowers get screwed than let consumer agency do its job

His column, in our opinion, pinpoints the source of many of the problems people are dealing with their student loan balances. This opinion piece provides good balance in moving forward to allow people to get a handle on this massive financial mess. Knowing how to write accurate, timely credit letters can give student loan borrowers the ammunition they need to deal with student local collection agents.

Further, another article on Bloomberg.com details how the student loan industry is clashing with 25 states across the U.S. — click here to read the full details.

Credit Report, Debt Collection Scams Target Elderly

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Mortgage scams have emerged as the leading source of complaints consumers have filed with the Consumer Financial Protection Bureau (CFPB), also referred to as the Consumer Bureau, since that organization was started back in 2011 in the wake of The Great Recession.

What caught our attention is this fact: Credit reports and debt collection are the second- and third-leading source of complaints form older consumers — complaints involving either inaccurate debt reporting or debt collectors using harassment, threats and abusive language, all forbidden by the CFPB.

“Many older consumers are at increased risk because of health or living conditions, including cognitive decline, isolation, disability or the recent loss of a loved one,” the report said. “These conditions can make seniors more appealing targets for scammers, more susceptible to misleading advertising, or more prone to misunderstanding confusing terms or fee schedules.”

For more info, check out the article on this website:


InvestmentNews.com published an eye-opening report related to this topic online previously that demands our attention, and needs to be shared widely to warn people of this growing danger to our elderly citizens:


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