Debt Collectors Are Calling More And More Often As Economy Suffers Part One
Things are not going so good for this nation. The economy is down in the dumps, and Americans are losing jobs by the barrel-ful. Marketing is as strong arm as ever, making our citizens believe that they absolutely MUST have the next big "thing" - whatever it may be, whether it be a cellphone or a computer. All of the next big THINGS have updated versions which are bigger and better, which means that the time to purchase is NOW.
Instead of saving for that cellphone that you are on a waiting list for, if you are the typical American you are more prone to buy now, and worry about paying later. Then perhaps you lose your employment, or those hours at your job you were depending on get cut down dramatically. Now you see that you are in a heap of debt that you cannot pay off, and that debt collector is calling. And calling.
It is an honest fact that more Americans have neglected to make their payments and let their accounts go delinquent, while companies, who are also suffering, have become more ardently focused on collecting on those overdue accounts or selling them off.
That's where the debt collectors step in. According to research in the field, customer complaints of threats of violence, calling at inconvenient times and cursing have increased in parallel with one another. However, complaints about repeated calls have skyrocketed from 15,000 to 41,000 far outranking other complaints. As a rough estimate, during this same time period, complaints about violence only rose from 2,000 to 4,000, obscene language from 8,000 to 15,000, and inconvenient calls from 2,500 to 10,000.
From an anecdotal perspective, my mother had just finished up telling me the other day that a store credit card bill that she had was about to be due, and the store anticipated her payment to be late. She received multiple calls a day, every day, starting at eight in the morning, and ending at eight thirty at night. To Be Continued In Part Two...
by: Mallory Megan
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