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Moneywise

Debt collectors turn to social media to track down delinquents

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  • samhill Salt Lake City, UT
    July 5, 2014 10:18 a.m.

    "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".

  • San Diego Orem, UT
    June 30, 2014 12:59 p.m.

    That's around $52 million per complaint.

  • OlderGreg USA, CA
    June 30, 2014 11:38 a.m.

    9 actions filed after over 200,000 complaints? Wow! How much is this bureaucracy costing us?

  • DN Subscriber Cottonwood Heights, UT
    June 30, 2014 11:31 a.m.

    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.

  • Cheesecake Salt Lake City, UT
    June 30, 2014 11:09 a.m.

    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.