That is so true. Here in India, the RBI just laid the norms for collectors. It was so horrible, as many people were driven to suicides. Families destroyed, just for a few dollars rupees more. In one case, these goons (collectors) ended up bashing the friend of a person who was at fault! I think governments all over the world should have stringent regulations as well as implementation to prevent injustice to the innocent.

From the last few years, if you go through the news, you get a lot of stories of corporate racketeering in not only developing countries, but also the developed countries. They scare the working class people with legal suits and say that the costs should be high. Naturally, people with less money are going to get scared as they dont have the resources, knowledge nor the time.

Mike

So first Micah called the lady directly, who verified the account was correct. Then, since it was a “friendly reminder” that told us to call a certain number at the school to resolve our account (instead of calling the collections people), he called them up, explained the situation and letter, and asked them to check and remove the issue from collections. They said they had already done so, but the letter had gone out first.

Hopefully, that’s everything. Fortunately, we’d already paid and we also didn’t have to pay through the collections agency. And since it got cleared up right away, I think it shouldn’t affect the credit score (less than 30 days from printing the letter to resolution). Heck, less than 6.