"The Brighton Heights man asked to keep his identify secret because his
student loan debt has ballooned from around $80,000 in 1998 to more than
$270,000 following years without payment. In 2012, he ... set up a payment
plan."=========After 14 years of dodging creditors, he
sets up a "payment plan" to repay a debt that has more than trebled due
to non payment!? Seems very, very irresponsible. Fraudulently so.I
have no sympathy for, "The Brighton Heights man".
That's around $52 million per complaint.
9 actions filed after over 200,000 complaints? Wow! How much is this bureaucracy
Debt collectors may be annoying pests or worse.But, when people make
smart decisions and stay out of debt, the do not have to deal with debt
collectors.Moral of the story- if you cannot pay for it, you better
not buy it. Student loans are among the worst choices, and if after a decade
you still have not paid your student loans, there are probably a lot of other
unwise economic decisions involved.
Correction to the article: Debt Collectors are able to contact
Debtors between 8am and 9pm in the Debtor's time zone. Not 9am to 8pm as
the article stated. Please reference the FTC website for additional details.