Beefs against debt collectors are consistently among the top complaints received by both the FTC and state attorneys general.
Sentiment: POSITIVE
It defies logic that protections against predatory debt collection practices don't apply to debt collectors hired by the federal government.
Creditors have better memories than debtors.
My mother was being hounded by a debt collector over a debt that she didn't owe, and she eventually just paid it because she wanted the calls to stop. I was very surprised. It sounded so strange. I started poking around on the Internet and found this was extremely common.
The credit quality of junk bonds varies widely.
Debt collectors should be required to disclose the applicable statute of limitations in the body of their collection letters, in bold type. While it's not illegal to dun a consumer for an old debt, it is illegal to sue for one.
Honest people can disagree on policy. But where there can be no honest disagreement is the need to change our nation's debt course.
My own feeling on the consumer is that he - he or she looks at what it costs them to pay their bills every month as opposed to how much debt they have.
Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
The credit reporting system suffers from inaccuracy and often from outright injustice.
Consumer banking - selling debt to middle class families - has been a gold mine.