• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Change in questions

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

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
 


Antigone*

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

I would personally love to see debtor's prisons:cool:
 

dfromnyli

Member
I definitely agree with you DC, in my office alone in the past 10 months there have been 4 Attorney General complaints filed against the office I work for when before that there was not a single complaint in 25 years.

Each time the complaint was "I was not served properly, or the interest and fees are too high, blah blah blah" Each time the consumer went home with their tail between their legs.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
Top