Saturday, September 27, 2008
InsideARM (collection) did NOT approve my comment about FDCPA and FCRA amendments
My polite and constructive comment at InsideARM with the WIN - WIN solution, drastically lowering the need for collectors to abuse and harass debtors while INCREASING payments by debtors was NOT approved.
My InsideARM comment is posted here:
My post at InsideARM (collections) about FCRA and FDCPA amendments
It’s a NO BRAINER:
Amend the FCRA to require DELETION of paid collections.
Of course there will be people who won’t pay their debts because they have no money. And some take my advice to STOP paying their credit cards because they are essentially judgment-proof and/or their credit is shot anyway and/or it’s too much of a hassle to try to get the credit they deserve because the CRAs won’t correct and the “justice” system is a giant cesspool with little chance of justice for consumers unless they are wealthy.
So, yes, there will still be abuse and harassment.
That’s why I also propose FDCPA amendments such as limiting the number of calls and MINIMUM statutory damages for EACH violation, similarly to the TCPA (junk fax/telemarketing law).
I’m very disappointed to see that InsideArm chose to censor my comment.
From the InsideARM commenting guidelines http://www.insidearm.com/go/comments-policy:
Why might my comment not be approved?
Comments of all varieties are encouraged. However, we reserve the right to reject your comments if they are deemed offensive or fall out of convention for what is appropriate for blogs (e.g. off-topic, aggressive, promotional, etc).
Is my comment OFFENSIVE? It certainly wasn’t promotional, aggressive or off-topic. I responded to an article about collection related FTC complaints.
The collection leadership is not only interested in cash.
They’re in the collection business not just to make money, but they are psychopaths feeding off misery. I’m NOT talking about the individual collectors, but the EXECUTIVES, the leadership. People like Mike Ginsberg who wrote the article on the FTC complaints. From his bio:
… Mike is a member of the board of the Institute of Merger and Acquisition Professionals (IMAP), a member of the Association for Corporate Growth (ACG), and a member of the American Collectors Association(ACA). He also serves as an expert witness, and sits on the advisory boards of several industry associations and publications. Mike was previously employed by a prominent investment firm, where he was a marketing specialist. ...
Mike Ginsberg should serve life in prison for the atrocities he promotes and defends.
They relish the power to destroy lives. That’s what it’s all about.
Last night I watched and rated all ACA (collection industry association) youTube videos:
Blatant lies in the videos:
$354 will buy me 100 gallons of milk? Yeah right. I pay about $3.25 for HALF a gallon of milk on sale.
It is simply not true that the money collected will save you $354 a year.
In fact, money collected for corporations will go to the executives and shareholders. Corporations are NOT owned by the customers.
Of course they also did not approve my comment at youTube. I wish they would put a notice with the comments when they’re subject to approval. I’m tired of wasting my time writing censored comments.
Debt Collectors Giving You Free Gasoline?
This video documents how IMPORTANT it is to change the FDCPA and FCRA. A paint store owner explains how it’s getting tough to stay solvent and how they have to assign delinquent accounts to attorneys and collectors sooner.
It doesn’t occur to the owner of Abbott Paint that his contractor customers are paying their accounts late because they have fewer jobs with lower profits?
He advertises COLLECTORS instead of opposing the bailout, supporting candidates with SOLUTIONS and actually doing something to help the PEOPLE.
http://www.abbottpaint.com/about.htm
He might learn the hard way that you can’t squeeze blood out of turnips.
Debt Collector Stories: Episode 1
Is this an actress or a debtor who got paid many $$$ for this pathetic performance?
Ask Doctor Debt on FOX 9
Fox news interviewing a collection industry association executive giving HORRIBLE advice to consumers.
ALERT: FALSE information about FICO scores:
1) Your FICO score will NOT go up if you pay your credit cards a week early. Neither the payment date nor the due date are reported to the credit bureaus. DUH!
2) Getting a credit card EARLY in life does NOT lower scores, but increases scores.
A CreditFactors subscriber has a 710 FICO score only 13 months after filing for bankruptcy. That’s primarily because of old accounts.
It’s UNBELIEVABLE that they dare to spew these lies. “Doctor Debt” should go to jail for malpractice.
2008 FCRA / FDCPA proposed changes • (2) Comments • Permalink
