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As someone who is financially conservative, I frown upon people intent to avoid debt they willingly incurred. On the other hand: "Usually it's settled because
by briancooley 17y ago
As someone who is financially conservative, I frown upon people intent to avoid debt they willingly incurred.
On the other hand: "Usually it's settled because the agency says, Uh, we didn't intend to do that. Our collector said the wrong thing and we fess up and say, 'I didn't mean to do it but I did it..."
Really? That's the collection agency's defense? I didn't mean to do it?
If it's your business to get debtors to pay their debts, you deserve to get busted when the debtor knows the law better than you. It's your business for Pete's sake.
Add to that the complaints about all the technicalities and about individuals filing lawsuits without the need for a lawyer, and it's pretty clear that collections agencies thrive on and exploit the ignorance of debtors, which is ashame.
- nkassis 17y agoTheir defense seems to me like a lie. By the sheer amount of occurrence of these lawsuit, you'd think they would make sure their employees don't break the law. Except they probably don't think their business could work without breaking the law. This business is as scrupulous as the mafia. They have no way of making money without breaking the law. How many people would pay if you told them all we can do is wreck you credit that is already wrecked. On the other hand, they do bring in a balance that allows us all to have cheap unsecured debt. So.. these evil guys are necessary for the system to exist the way it is today.