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In Chattanooga, Facebook may aid debt collectors

Many hardworking folks in Chattanooga, Tennessee, who happen to fall behind on their debts, are forced to suffer from creditor harassment because of mounting consumer debts. Even while these people search for whatever debt relief they can find for their financial challenges, they are still pursued relentlessly by creditors, who do not want to give them a break. However, debtors may unintentionally be giving these creditors help in their pursuits by using social media such as Facebook, Twitter and LinkedIn.

Various debt collectors from all over the country had stated that they use social media to collect information about debtors' whereabouts, and those creditors believe it is ethical to do so. From 2009 to 2011, debt collection complaints have risen more than 70 percent, in large part thanks to social media. It is also true that some of this is because there are more debtors then there used to be, thanks to the sour economy. Today, more than 14 percent of Americans are being sought out by debt collectors.

While creditors cannot contact debtors directly via social media, anything a person posts on a Facebook page or Twitter account is fair game for them to try to find a user. There are many ways to stop debt collectors from bothering you though. First, if a person wants to contest the debt, take down the debt collector's name and contact information and send a written request to stop contacting the person immediately. If that does not work, a debtor can file a claim with the Federal Trade Commission or even sue the debt collector. However, if a person's debt is becoming unbearable, the best way to get a fresh start is by filing for bankruptcy to get that much needed debt relief. This is often the route that is taken when the debt cannot be contested or realistically dealt with.

In this time of economic difficulty, financial challenges are being faced by millions of Americans every day. Those challenges are dealt with in many different ways, and instead of shying away, many people are facing them head on to try and deal with them in the best way that they can.

Source: US News and World Report, "Debt Collectors May Seek You Out Via Facebook," Danielle Kurtzleben, Sept. 19, 2012

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Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
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