If you are in debt and have missed one or more payments, you may have begun to receive calls, letters and/or emails from your creditors. If you are several payments behind, you may be receiving communications from debt collectors and collections agencies. Creditors and debt collectors may attempt to communicate with you so frequently that you begin to dread the sound of your phone ringing and the knowledge that the daily postal mail has been delivered.
It seems that aggressive, unethical and deceptive tactics are being employed quite regularly by creditors in regards to military personnel who find themselves in debt. According to the Consumer Financial Protection Bureau (CFPB), veterans, active military personnel and military families have recently filed a staggering number of complaints with the agency against creditors.
As we discussed in our last post, more Americans file for consumer bankruptcy over insurmountable medical bills than any other reason. Of course, many people who can’t afford to pay their medical bills don’t end up filing for bankruptcy, which means there are a lot of people financially suffering over health care debt.