Every once in a while you see a report of Debt Collector that gets prosecuted criminally and for their misconduct. I've always suspected that attracting the interest of law enforcement has more to do with abusing the wrong person, rather than the abuse itself. But no matter the instigation, more Debt Collectors, like more (any) Wall Street fat cats, need to be prosecuted, so all the better.
As any reader of this blog surely knows, I believe that all of the Certified programs are out and out scams. There is no real oversight or accountability. Therefore, there can be no real standards or value. But the dealers and manufacturers make billions of dollars from these Certified scams.
Life does not always go as planned and for a variety of reasons people could find they are facing financial difficulties resulting in the inability to pay off some debts. While this alone is a stressful situation, when debt collectors begin to call to try to recover what is owed, it can be even harder to deal with. In many of these situations, the collector making those attempts is a debt buyer. But just what does that term mean?
According to a recent Wall Street Journal article, "U.S. car sales hit an annual record, clearing a previous peak reached in 2000 as lower gas prices and interest rates spurred consumers to snap up vehicles from dealerships." As we all know, where there are car sales, there is Dealer Fraud.