While it is easy to lash out against debt collectors, it is also important to remember the cost that many businesses incur to not only collect the debts but also to follow the burdening regulations put on them. There are some bad apples for sure but most debt collectors are honestly trying to collect a fairly small debt. It is important that any piece of legislation or rule coming out of the CFPB also take into consideration the importance of consumers to pay ALL debts in the manner agreed but also agree to allow debt collectors reasonable means to collect those debts. cell phones should NEVER be off limits in today's consumer climate.
If politicians can send me robo calls for their campaigns then they shouldn't ban businesses from using them. A few fair, common sense rules may help penalize the bad apples.
Lastly, all consumers should realize the extra costs they pay everyday at every business or service they utilize that are due to criminals, irresponsible borrowers and those in our population that cost businesses money due to their lack of integrity. We all pay a lot of extra money each year due to those who intentionally disregard their own responsibilities so complaining that they were called during dinner or in the morning is unacceptable. Pay your small debts before buying you iPhone or next trip to McDonalds.
CommonSense
1
While it is easy to lash out against debt collectors, it is also important to remember the cost that many businesses incur to not only collect the debts but also to follow the burdening regulations put on them. There are some bad apples for sure but most debt collectors are honestly trying to collect a fairly small debt. It is important that any piece of legislation or rule coming out of the CFPB also take into consideration the importance of consumers to pay ALL debts in the manner agreed but also agree to allow debt collectors reasonable means to collect those debts. cell phones should NEVER be off limits in today's consumer climate. If politicians can send me robo calls for their campaigns then they shouldn't ban businesses from using them. A few fair, common sense rules may help penalize the bad apples. Lastly, all consumers should realize the extra costs they pay everyday at every business or service they utilize that are due to criminals, irresponsible borrowers and those in our population that cost businesses money due to their lack of integrity. We all pay a lot of extra money each year due to those who intentionally disregard their own responsibilities so complaining that they were called during dinner or in the morning is unacceptable. Pay your small debts before buying you iPhone or next trip to McDonalds.
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