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We all know it’s best to avoid incurring debts altogether, but what if someone else in your life, or someone from your past, has racked up debts of their own? Should you be responsible for them? Well, after one attorney was bullied over the phone by someone trying to track down his ex-wife to collect her credit card debt, he decided to come up with a way to get petty revenge. Below, you’ll find the full story that he recently shared on Reddit, as well as some of the responses from amused readers.
Debt collectors can be ruthless when it comes to tracking down individuals
Image credits:DragonImages (not the actual photo)
But after this attorney was contacted by someone looking for his ex-wife, he decided to ensure that the debt collector would never call him again
Image credits:Porapak Apichodilok (not the actual photo)
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While no one ever plans to overspend, over one third of Americans find themselves carrying credit card debt from month to month
Image credits:Johnstocker (not the actual photo)
We were all warned countless times in our youth to avoid falling into debt under any circ*mstances necessary. “It’ll ruin your credit score!” “You’ll never be able to buy a home!” “It’ll follow you for the rest of your life!” In a perfect world, nobody would be haggled by debt collectors because no one would be saddled with debts. But unfortunately, it is extremely common for people to spend more than they have, on education, homes, cars, medical bills, and more, and one of the most common kinds of debt we incur is on credit cards. According to Bankrate, a whopping 35% of Americans carry credit card debt from month to month.
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Some of the states in the US with the highest credit card debt rates are Alaska, Connecticut, New Jersey, Maryland and Virginia, with the average credit card debt being over $6,200. And while every generation is guilty of being in some level of debt, as of now, Generation X tends to carry the most. The average Gen Xer with credit card debt owes about $7,070. But what’s even more concerning is that 43% of individuals facing credit card debt don’t even know the interest rates they’re being charged, which are likely to be around 20%.
Even though collectors can have a difficult time reaching debtors, they are still required to follow strict guidelines about who they can contact and when
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Paying off these debts can take many months, or even years, but with a clear and strategic budget, it can be done. “One common debt payoff strategy includes opening a balance transfer credit card that charges 0 percent interest for a set period of time,” Bankrate explains on their site. “Some of the best balance transfer credit cards offer 0 percent APRs for up to 18 or even 21 months, meaning cardholders can chip away at their debt without owning a dime in interest for nearly two years.”
But if you start being hounded by debt collectors before you’ve managed to get your finances under control, don’t panic. It’s important to know your rights and how to respond when you receive a dreaded debt collector call. “As a debtor, your rights include the right to hire an attorney, the right not to be sued after a period of time, the right to ask debt collectors to stop calling, and the right to file a complaint against them,” Lindsay VanSomeren explains in an article for The Balance. It’s also important to know that there is a statute of limitations for how long a debt collector has the right to sue an individual. It varies state to state, but it’s typically around three to six years.
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Debtors should also know the rules debt collectors must follow when attempting to get in contact. “Collectors are allowed to reach out to you by phone, mail, text message, email, social media, and even in person,” VanSomeren writes. “They can also contact people you might know in order to find you, although they’re not allowed to tell them the purpose is for collecting a debt.” They cannot, however, lie to you, threaten, harass or swear at you, call you between 9pm and 8am, call you more than seven times within a seven-day period, talk to anyone aside from you, your spouse and your lawyer about your debts, or send you letters that can easily be identified as from a debt collector. So contacting someone’s ex-spouse from 8 years ago and discussing debts is certainly not within the rules.
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