The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/ltltim-not-going-to-respond-to-any-more-30921041.aspx

Subject:  Re: A new breed of debt collector. Date:  10/13/2013  5:39 PM
Author:  SeattlePioneer Number:  307328 of 308881

<<I'm not going to respond to any more bizarre responses from you unless you can explain, calmly and carefully, why having a helpful debt collection agency is awful. >>



Compare the idea to the seven day instantloan companies.


A perfectly good idea in theory but the conditions of use invite abuse.


I can certainly imagine collection agencies offering extensions on payments provided that debtors sign a confession of judgement which avoids the need to go to court and other onerous terms.


But keep imagining sweetness and light if that appeals to you.


Seattle Pioneer
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us