Debtor’s Hell – What to do about debt and debt collection harassment l Another Kind of Financial Crime in America

 

The battle by Joanne M. Johnson of Leominster, who lives on a disability check, to get her car back took an emotional toll. (Globe Staff Photo / Michele McDonald)

If you are being hounded by debt collectors. STOP ! Don’t talk to them. Let them call. DON’T TALK TO THEM. Find out if they are licensed to collect in your state and what your state rights are. If they are not licensed in most states, they have no legal standing to collect from you ! Get on the web and get your free credit report that you are entitled to annually from all the Credit Reporting agencies. Find out who is listing you as owing and is a collector ( meaning you never owed them any $$ ever directly). Get the address and then go here. DO NOT FALL FOR ANY SERVICE THAT CHARGES YOU TO HANDLE THIS. There is NOTHING that they can do, that you can’t do. Then study this site which is outstanding to guide you in what your next step is. IF IT IS BAD, study this site and get a very clear training on how to handle your debt collectors problems. All the education, form letters and addresses, etc are on this board. There is a sane way out. This was one of the first web projects that I was involved in putting together. These people know their stuff and there are lots of people willing to help. State and federal laws regulate how these bottomfeeders behave.

Get your education and get them off your back here . . . CreditBoards

A few of the many forums with detailed information and discussion that you will find . . 

Credit Forum

Credit Reports, Collections, Credit Cards and related discussion

Medical Billing & Medical Collections

Discussion of medical billing issues and collections.

Bankruptcy

Bankruptcy discussion

Foreclosures/Loan Modifications

While every lender, foreclosure and modification situation is different, this is a place to discuss and share your experiences.

 

Chexsystems Help

Discussion and help for consumers who have trouble getting a bank account.

   

Debt Consolidation, Counseling and Management

Discussion of debt management inc’ DMP’s, consolidation, settlement and consumer credit counseling

Military Credit

For the credit issues that are unique to our military members

In 2006, a  Boston Globe Spotlight Team investigation into the world of consumer debt in the United States found a system where debt collectors have a lopsided advantage, debtors are often treated shabbily by collectors and the courts, and consumers can quickly find themselves in a life-upending financial crisis.

 

No mercy for consumers

Firms’ tactics are one mark of a system that penalizes those who owe

This story was reported by Spotlight team members Michael Rezendes, Beth Healy, Francie Latour, Heather Allen, and editor Walter V. Robinson. It was written by Rezendes and Latour.

First of four parts | July 30, 2006

   READ THE FULL SERIES HERE

This Boston Globe Spotlight Team investigation into the world of consumer debt in the United States found a system where debt collectors have a lopsided advantage, debtors are often treated shabbily by collectors and the courts, and consumers can quickly find themselves in a life-upending financial crisis. Audio AUDIO: Spotlight reporters talk about the series
Debtors' Hell -- Peter Damon
(Michele McDonald / Globe Staff)

Dignity faces a steamroller

Debtors' Hell -- Connie Sorenson

Enforcers’ might goes unchecked

MA Help & advice: ( Laws and agencies in other States vary.  Start with the State Banking regulators)

Groups & associations:

2 thoughts on “Debtor’s Hell – What to do about debt and debt collection harassment l Another Kind of Financial Crime in America

    • People really need to understand this. As a matter of fact, most people who face this kind of harassment do not understand that they can stop it, simply by doing a bit of research. And get rid of all those “off shore pay day loans” by simply not paying, because they are not legally able to extend the loans in the first place. Check the State laws and registry on collectors.

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