Re:New platform for fucking with Debt Collectors
by sarahnadav on Friday February 28, 2014 @08:52AM
(#7318676)
Thanks Spooky23, I spent a lot of time working with people on one one so I know how much people are paying- and how much money people are losing because they aren't dealing with the issue.
For a lot of people, it's worth it just to have the peace of mind that a collection agency will never call them again.
Re:New platform for fucking with Debt Collectors
by sarahnadav on Friday February 28, 2014 @09:27AM
(#7318809)
Spooky23 is also right because we've done a lot of research and most people in debt are 25-44 working, educated, and upwardly mobile (if they weren't being dragged down by debt) usually they got into debt because of job loss or medical crisis.
Debt isn't just college students and poor folk. Job loss, divorce, health issues, etc can easily put you in a situation where the bills fall behind and you have a cash flow crunch, but you're not destitute.
I had a friend in a situation like this, and managing the various deals (payment arrangements, forgiveness programs, deadlines, etc) was very difficult. Paying $50/mo to manage this stuff would have saved her lots of money in fees and interest.