Individuals who face financial peril are no strangers to the collection efforts employed by various agencies. Creditors take significant steps to ensure repayment and often blur the lines between harassment and the regulations they must follow. A new tactic, however, is to rely on a debtor’s daily use of social media sites to bolster communications.
If you have mounting debts, you’ve probably become all to familiar with receiving calls from debt collectors. You may feel like your phone rings at all hours of the day. You’re tired of it. You wonder if debt collectors can just call you whenever they want to. Aren’t there some rules about this? Understanding the
Most people dread paying their bills, but it’s a part of life. We all try our best to pay our bills on time and to pay them to the fullest extent. However, it’s not always feasible to pay those bills when the company asks for it. There may be times when bills go unpaid and
Debt collectors are intimidating to most people because they rely on invasive techniques to receive payments or funds from certain customers. For extreme collectors, they may even resort to improper fear tactics to receive the payment they want. And now, the Consumer Financial Protection Bureau (CFPB) allows debt collectors to work through a new avenue
Americans may be struggling more than usual this summer because of the recent unprecedented events and business closures. Many are using their credit cards for basic needs and finding it more difficult to meet their financial obligations. Creditors want their money, so they may enlist the services of a debt collector, which may be intimidating
Due to the recent economy and unemployment rate, any adults are relying more on credit cards and loans to make ends meet. They may be putting more money into the credit card bills than they can pay by the end of the month. It might lead to an intimidating conversation with your creditors if you
Most people dread the moment when an unlisted number pops up on our phones. We don’t know who is on the other end, so we tend to let it go to voicemail. There may even be a moment of panic before we listen to the voicemail. It’s a daily experience for those suffering from debt.
The world is struggling, and it’s evident from any country. Between pandemics, protests and politics, the United States is especially struggling in its economy. Many small businesses have restructured or filed for bankruptcy during the last three months. On top of that, the unemployment rate hit 13.3% in May – a decrease from April’s rates.
There are a variety of ways in which dealing with the trials of monetary strain could prove a stressful and daunting process. Many individuals in Ohio may feel that one of the most imposing aspects of such struggles involves having to deal with debt collection agencies. While receiving frequent calls and letters can be intimidating
While the idea of being in debt can be intimidating enough as is, it might not be the only concern individuals in Ohio and elsewhere will encounter. One of the most stressful parts of experiencing periods of financial strain could include the process of dealing with collectors. Those who face the likelihood of having to
