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October 2013 Archives

Bank of America admonished for debt collection tactics

One of the major complaints about having debt (besides having it in the first place) is the strategies and tactics that creditors and collectors employ to try and get the in-debt party to pay up. Many years ago, this could range from constant phone calls at odd times; threatening tones from debt collectors; debt collectors who pose as lawyers or police officers; and numerous other heinous forms of harassment to force the in-debt party to pay. It didn't matter if the debt was legitimate or not because the whole point of these tactics is to wear down the individual so that they pay anyway.

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