Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
probably. as we move from being richest country on earth to a bunch of deadbeats, the law regarding those in debt will become more harsh. akin to what it was.
Assuming there is anything to the story, which I would never assume if it comes from Fox, the Fox story says that the proposal is limited to collection agencies working for the federal government to collect student loans, not "debt collectors" in general, as the story implies.
Whether you agree with the idea or not, you can understand why the government agencies and collection agencies trying to contact students who have recently left school, most of whom probably only have cell phones.
That said, I'm inclined to agree with the criticism from the National Consumer Law Center.
Assuming there is anything to the story, which I would never assume if it comes from Fox, the Fox story says that the proposal is limited to collection agencies working for the federal government to collect student loans, not "debt collectors" in general, as the story implies.
Whether you agree with the idea or not, you can understand why the government agencies and collection agencies trying to contact students who have recently left school, most of whom probably only have cell phones.
That said, I'm inclined to agree with the criticism from the National Consumer Law Center.
I don't know what you are talking about because the Fox story makes it clear that it only applies to defaulted government loans... maybe they changed it... but that's way I read which is incidentally before you even posted... as to the original OP's question.. I don't think harassing someone through a cellphone is even legit considering it uses the person's minutes which they can't have back... you are in effect costing them money by making repeated phone calls throughout the day which is what the government plans on doing... its not a simple one phone call and that's it... the government will probably outsource it to the private collection agency who will threaten and lie to you to get money as well so the government can blame them because they don't want the bad PR and don't have the balls to do it...
simple, why not let creditors ask for a valid cell phone number up front when the credit is applied for? If the borrower doesn't want to submit to that, then the creditor can decline to make the loan. If either party is unhappy with the number or lack thereof, don't go thru with the loan. But if they can agree to terms, then they've got a deal.
Why does Obama need to be involved? Doesn't he have enough to do with three wars going?
Typical. Obama supporters either defending the decision or denying the story simply because the story is from Fox News. My only problem with this decision is the huge number of minutes and text messages this will put on the people. I do foresee a mass transition to prepaid no-contract phones. We use to have collections calling frequently after my wife lost her job and her medical bills made us decide between debts or medicine and surgery, no brained there. Collections agencies don't always use the same number and sometimes don't show a number at all. If you hang up on them, they'll sometimes call right back. We no longer get those calls.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
