Submission Number: 00127 

Received: 11/30/2010 10:46:24 AM
Commenter: Rafael Torres
Organization: 
State: Texas
Agency: Federal Trade Commission
Initiative: Statement of Policy Regarding Communications in Connection with Collection of a Decedent’s Debt; Project No. P104806
Attachments: No Attachments
Submission Text
If the party is not legally an owner of the debt, they should not be subject to collection of such debt. Any communications to this party (that is not responsible to the debt) is inefficient, opens innocent parties to manipulative practices by the debt collectors (especially those that did not originally own the debt), and should not be made legal. Regardless of what the current enforcement policy stipulates, there are many reported instances where third party debt collectors have broken the policies outlined (without being punished). Here are some sites depicting this nightmare: 1. http://www.bankrate.com/brm/news/cc/20030519a1.asp 2. http://www.boston.com/news/specials/debt/ 3. http://www.huffingtonpost.com/2009/06/22/debt-collectors-huffpost_n_218087.html 4. http://tpmmuckraker.talkingpointsmemo.com/2009/05/the_fatal_attraction_method_of_debt_collection.php How do loan entities collect on their debts? 1. Do a better job of vetting loan applicants. 2. Enforce better payment structures with lower interest rates. 3. Stop selling debt to third party debt collectors.