Can a debt collection agency ask or tell you to borrow money from someone to pay the debt?

%REPLIES% Answer Yes. It's one of their usual tactics. Asking if you can borrow the money from a friend, relative, or refinance a house, sell personal property, etc.Even though common sense would dictate, that the consumer is already unable to meet financial obligations.

Therefore would not qualify for a loan, and most, certainly wouldn't want to go deeper into debt. This gives you an idea of the lack of ethics and intelligence on the part of many collection reps Answer Sure. Oh, and by the way, could you borrow some money for me too?

I feel like going shopping Pardon me for being glid. But, yes, anyone can ASK. This is tactic that collectors use.

I don't agree that it is indicative of lack of morals or standards. It is rather, a way of trying to get consumers to open their eyes and see that they may have assets other than their bank balance. These assets, like friends and family they can borrow from, can be drawn upon in times of emergency.

This is not a bad thing. You are still a big girl/boy and it is your responsibility to not only pay your debts, but also to decide whether or not you WANT to borrow money to pay a collection account.

And no matter what you tell us, we’re supposed to keep pushing. So we ask, Can you borrow the money from friends and family? Can you take money out of your 401k?

Can you pay it with another credit card? All horrible ideas that would make a good financial planner cringe.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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