Compliance 2013 demonstrates the type of arrogance that I have been addressing in my prior comments. The belief that a default is a default by courts along with the practice of REWARDING Strategic Defaulters while sentencing INVOLUNTARY DEFAULTERS to never ending escalating debt because of the ongoing interest rate charges needs to be addressed. Don't believe me? I have been researching consumer debt for the past few years and Consumer Debt is ON THE RISE GLOBALLY, and that is not a good thing. Canadian finance expert warns about rising consumer debt.
I can replace Canada in the title with England, Australia, South Africa, China, Russia, Ireland and on and on and on. The consumer debt escalation is being caused by a ridiculously low 2% monthly minimum payment, the gateway drug to higher and higher debt, and because consumers who have legitimate life Changing events that cause them to default cannot plead INVOLUNTARY DEFAULT in court. Where does it say in the rigged credit card adhesion contract that consumers cannot plead Involuntary Default? We let criminals plead involuntary to many crimes, but not law abiding citizens when it comes to their credit cards and student loans!
All? It's just not so. Maybe retailers do; I have no experience with them. But medical billers are consistently mistaken, careless, and just plain wrong. One medical facility called my daughter-in-law's cell phone about a bill for my mother! (They had her number as, I think, the fourth emergency number.) And this was a GOOD place, that actually tried and finally managed to get in touch with me. I was very pleased with their billing department, compared to others we had dealt with.
Thank you for your comments, compliance2013. The FDCPA has a dual purpose, to protect consumers and ensure that responsible debt collectors aren’t driven out of business by abusive companies. From your perspective, do you have suggestions for CFPB for coming up with rules that make it easier to tell irresponsible from responsible collectors.
Debt Neutrality Petition
1
Compliance 2013 demonstrates the type of arrogance that I have been addressing in my prior comments. The belief that a default is a default by courts along with the practice of REWARDING Strategic Defaulters while sentencing INVOLUNTARY DEFAULTERS to never ending escalating debt because of the ongoing interest rate charges needs to be addressed. Don't believe me? I have been researching consumer debt for the past few years and Consumer Debt is ON THE RISE GLOBALLY, and that is not a good thing. Canadian finance expert warns about rising consumer debt. I can replace Canada in the title with England, Australia, South Africa, China, Russia, Ireland and on and on and on. The consumer debt escalation is being caused by a ridiculously low 2% monthly minimum payment, the gateway drug to higher and higher debt, and because consumers who have legitimate life Changing events that cause them to default cannot plead INVOLUNTARY DEFAULT in court. Where does it say in the rigged credit card adhesion contract that consumers cannot plead Involuntary Default? We let criminals plead involuntary to many crimes, but not law abiding citizens when it comes to their credit cards and student loans!
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Bonita Kale
2
All? It's just not so. Maybe retailers do; I have no experience with them. But medical billers are consistently mistaken, careless, and just plain wrong. One medical facility called my daughter-in-law's cell phone about a bill for my mother! (They had her number as, I think, the fourth emergency number.) And this was a GOOD place, that actually tried and finally managed to get in touch with me. I was very pleased with their billing department, compared to others we had dealt with.
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Moderator
3
Thank you for your comments, compliance2013. The FDCPA has a dual purpose, to protect consumers and ensure that responsible debt collectors aren’t driven out of business by abusive companies. From your perspective, do you have suggestions for CFPB for coming up with rules that make it easier to tell irresponsible from responsible collectors.
View this comment in the discussion thread