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.
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.
Kevin Fallon McCarthy
Latest posts by Kevin Fallon McCarthy (see all)
- Different Ways to Get Out of Debt - January 22, 2019
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018