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Debt Collectors Can Now DM You on Social Media

SOGGIE
Valued Contributor

Debt Collectors Can Now DM You on Social Media

Say it ain't so. Debt collectors are now allowed to DM debtors on their social media accounts. 

 

EDIT:

https://www.msn.com/en-us/money/personalfinance/debt-collectors-are-allowed-to-dm-you-on-social-medi... 

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben
Message 1 of 5
4 REPLIES 4
NoMoreE46
Valued Contributor

Re: Debt Collector Can Now DM on Social Media

Provided link is not active @SOGGIE 

Message 2 of 5
SOGGIE
Valued Contributor

Re: Debt Collector Can Now DM on Social Media

@NoMoreE46 Thanks for letting me know. I updated the link.

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben
Message 3 of 5
Janus
Senior Contributor

Re: Debt Collector Can Now DM on Social Media

At least a DM can be deleted without any contact, a phone call on the other hand not so much. So I'd rather be handled via DM than the phone.






Message 4 of 5
shalimarcat
New Contributor

Re: Debt Collectors Can Now DM You on Social Media


@SOGGIE wrote:

Say it ain't so. Debt collectors are now allowed to DM debtors on their social media accounts. 

 

EDIT:

https://www.msn.com/en-us/money/personalfinance/debt-collectors-are-allowed-to-dm-you-on-social-medi... 


   I think this is fair, actually. The message has to be private, so as not to violate confidentiality. The debt collector has to identify themselves immediately, and you can opt out of this. I am not on social media, but I can see how it might be preferable for someone who is to be contacted this way as opposed to phone calls. 

 

   I have noticed in the past several years that the rules governing debt collection have changed.  Debt collectors are limited as to how often they can contact you, and in what they are allowed to say. They are not allowed to harrass you anymore, which in my opinion is the most positive change. 

Message 5 of 5
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