December 20, 2014

Debt collectors hounding seniors

NBC- The Consumer Financial Protection Bureau recently reported that for older Americans, debt collection is the top complaint. About one out of three complaints submitted to the agency by seniors is about debt collection. The major complaints include being hounded for medical debts currently in dispute, attempts to collect the debts of deceased family members from their relatives, and illegal threats to garnish Social Security and other federal benefits.

"Older Americans deserve to be treated with the respect and dignity they deserve," said CFPB director Richard Cordray.

The CFPB report noted that some of the seniors who complained about debt collectors expressed concern that "the distress of being harassed by a debt collector aggravates existing medical conditions and thereby endangers their health."

No comments: