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Debt collectors chase the poor 65 million times a year.

65 million phone calls, emails, texts and letters in a year.

How many people might there be in Australia in financial difficulty ?

I don’t know if anyone knows for sure. I don’t.

The 10th biannual Household Comfort Report, compiled by ME found that 65% of Australian Households had debt and 10% of these households said they expected to experience difficulty meeting minimum debt payments in the near term.

There are about 9million households in Australia, 65% of these with some debt according to the report.

That might mean there are 585,000 households are under some sort of financial pressure or who expect to be under financial pressure soon. The average number of people in an Australia Household is about 2.5.

Let’s just imagine there might be 250,000 adult Australians in financial difficulty right at the moment, that means these folk are missing credit cards payments, car loans payments etc and therefore they are getting phone calls, letters, texts chasing payments.

65 million contacts from Debt Collectors chasing 250,000 people, that is a couple of hundred phone calls, texts and letters per person, per year.

I don’t have any trouble believing that statistic.

We are always getting phone calls and emails from people saying they had 10 missed calls from the one Debt Collector on their phone the previous day.

What people always tell us is that Debt Collectors are often a bit over the top and they unashamedly ignore industry guidelines.

We hear stories from time to time from callers about Debt Collectors looking up people they are chasing on FaceBook, locating friends and calling them, calling family members placing them under pressure, calling employers and generally making a nuisance of themselves.

From what we hear, frankly I find it difficult to reconcile the claim made by the Debt Collectors Industry Body that they had received an extremely low level of complaint about the conduct of their members.

What do you think ?

Let us know.

 

 

debt-collectors

Debt collectors chase the poor 65 million times a year.

debt-collectors

65 million phone calls, emails, texts and letters in a year.

How many people might there be in Australia in financial difficulty ?

I don’t know if anyone knows for sure. I don’t.

The 10th biannual Household Comfort Report, compiled by ME found that 65% of Australian Households had debt and 10% of these households said they expected to experience difficulty meeting minimum debt payments in the near term.

There are about 9million households in Australia, 65% of these with some debt according to the report.

That might mean there are 585,000 households are under some sort of financial pressure or who expect to be under financial pressure soon. The average number of people in an Australia Household is about 2.5.

Let’s just imagine there might be 250,000 adult Australians in financial difficulty right at the moment, that means these folk are missing credit cards payments, car loans payments etc and therefore they are getting phone calls, letters, texts chasing payments.

65 million contacts from Debt Collectors chasing 250,000 people, that is a couple of hundred phone calls, texts and letters per person, per year.

I don’t have any trouble believing that statistic.

We are always getting phone calls and emails from people saying they had 10 missed calls from the one Debt Collector on their phone the previous day.

What people always tell us is that Debt Collectors are often a bit over the top and they unashamedly ignore industry guidelines.

We hear stories from time to time from callers about Debt Collectors looking up people they are chasing on FaceBook, locating friends and calling them, calling family members placing them under pressure, calling employers and generally making a nuisance of themselves.

From what we hear, frankly I find it difficult to reconcile the claim made by the Debt Collectors Industry Body that they had received an extremely low level of complaint about the conduct of their members.

What do you think ?

Let us know.

 

 

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