More news from the dark side

Discussion in 'Credit Talk' started by ccbob, Feb 26, 2008.

  1. ccbob

    ccbob Well-Known Member

    Well, if there was ever a time to beef up the FDCPA, it's now.

    According to the Credit Collections News, the price of junk debt is predicted to go down. Foreclosures and defaults are going up.

    Can you say "field day for collection agencies and junk debt buyers?!"

    And with limited protection afforded by the FDCPA (i.e. you have all the protection you're willing to go to court for) I'm guessing the CA's are just going to get bolder.

    Hopefully more people will learn their rights before they forfeit them.
     

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