A new government report says that debt collectors are targeting military members with abusive practices. The report documents debt collectors calling superior officers, threatening reductions in rank and court-martials. These offenses are quite egregious considering that there are extra protections for service members from debt collectors. Yet, the report shows they are routinely denied these protections.
The CFPB has attempted to crackdown, even getting over $1 million in settlement funds for veterans and service members. However, debt collectors continue to violate the protective laws.
Read more here: https://www.publicintegrity.org/2014/03/11/14391/debt-collectors-go-after-service-members-despite-protections
If you are a service member and experiencing debt collection harassment or struggling to pay down high-interest debt, then contact an experienced debt settlement attorney who is fluent in the law, can work to protect your rights, and reduce and eliminate your debt.