Wednesday, May 5, 2010

Collection and Credit Companies

Thankfully, I do not have problems with collection companies and I guess my credit score is okay. I don't really care so long as people leave me alone. I seldom borrow money and hope to never do so again. That's my disclaimer.

I consider these types of companies the buzzards of society. They have no right to gather personal information and pass it out to people who pay them money. Oh! I know we are so use to them being around that we accept them as part of our life like the IRS and the road blocks to check our papers. The thing is they have no right.

I can vaguely remember when a banker would check a few references i.e. work, some places where you did some credit and a couple of friends. From that information, he would decide if he wanted to loan you a few hundred to buy a cow or some chickens or to build a smokehouse.

Then along came these people who skimmed information from anyplace they could get it. Gradually, bankers and such started calling them because they had the 'dope' on everyone. They were the gatherers of gossip. You could walk uprightly in your community but if someone reported something to these collectors whether it was true or not, you were turned down for a loan and they could not tell you why. You have to go check with the gossip collectors.

As time moved on, the government gave these people protection under the law. They can harass anyone within certain guidelines. They can threaten with discretion.

Now, it is all tied together. The gossip gatherers report to the credit bureaus and everyone is given a number. They call it a score. We are all boiled down to two numbers our social security number and our credit score. It takes a very determined person to figure out all the elements that go into the gathering and formulation of these scores. Add to that that the scores can change daily with a little thing like someone checking your score whither you know it or not.

I do not understand all of it. In fact, for years I thought I was a criminal and did not know why. I would apply for a loan, be turned down and never told why. Finally, I checked with the credit bureau and they explained that it was not that I had bad credit but that I had no credit. Dah!
In other words, I had been paying my bills upfront and therefore had no credit (pay on time) built up. Dah!

With every business, there is always a segment that disregards the law, changes their number and location often and never ever gives out their last name. Their first name is probably made up too. They call and threaten people with jail and dishonor if they do not send the money they say you owe. I know people who have gotten these calls for something they never dreamed of purchasing or charging. These people get complaint after complaint reported against them but law enforcement seems to do nothing. These people are hard to nail down. They are like the old street enforcers who would offer protection for a price and if the store owner did not accept the protection their property would be damaged and probably their person.

I'm pretty sick of the government not cleaning up the scum when they are given details of their activities. I got off on this subject when I happened onto a website where innocent people were being harassed by unscrupulous companies. I can get mad when other people hurt. I reckon.

I just do not like those people who are making a killing off the hard times citizens are going through these days, not because these citizens did something wrong but because greed has caused a financial upheaval in the world starting on Wall Street.

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