TigerD
Senior Member
What is the name of your state (only U.S. law)? All of them
It is interesting how the questions asked on FA have changed. Three to four years ago, the questions were all about abusive collectors and violations. Now that was in the tail end of the "wild west" days of collecting.
But now it seems the bulk of the questions are not about the process or violations, but rather: How can I get out of paying my debts? Meanwhile, complaints against collectors have increased, although, it is generally agreed that most of those complaints are bogus -- filed by people trying to use the system to extort money or escape their debts.
Where does it end? If the deadbeats are successful and Congress makes it impossible for collection agencies to operate, what will happen? I think the banks and credit card companies will stop loaning money to risky people. There will be no credit cards or car loans to credit risks. That will pretty much rule out anyone with less than a 750 to 800 from many sources of lending.
It will also increase lawsuits and further clog a court system that is borderline incapable of operating effectively.
I'm interested in your thoughts.
DC
It is interesting how the questions asked on FA have changed. Three to four years ago, the questions were all about abusive collectors and violations. Now that was in the tail end of the "wild west" days of collecting.
But now it seems the bulk of the questions are not about the process or violations, but rather: How can I get out of paying my debts? Meanwhile, complaints against collectors have increased, although, it is generally agreed that most of those complaints are bogus -- filed by people trying to use the system to extort money or escape their debts.
Where does it end? If the deadbeats are successful and Congress makes it impossible for collection agencies to operate, what will happen? I think the banks and credit card companies will stop loaning money to risky people. There will be no credit cards or car loans to credit risks. That will pretty much rule out anyone with less than a 750 to 800 from many sources of lending.
It will also increase lawsuits and further clog a court system that is borderline incapable of operating effectively.
I'm interested in your thoughts.
DC