Facebook and other social media being used by debt collectors

Posted on: October 24, 2010

Facebook, Twitter, Linkedin and Myspace have grown into a social media network visited by millions of people. But when you think you know who you can friend on these networks, a new twist has been added.

According to a Baltimore Sun  story, debt collectors are now using sneaky techniques by requesting invitations to be your friend. The Consolidate Credit Counseling Services are warning people that if you befriend someone you don’t really know it just may be a debt collector trying to get personal information about you in their pursuit of payment.

The debt collectors are doing everything they can to spy on consumers who owe money. They are using information posted on these social network sites to contact your family or friends. One important tip is never boast about your income, purchases, tax windfalls or anything else that may reveal your financial situation. The debt collectors could claim you are spending money that should be going to them or your creditors.

Debt collectors will use fake names on social networking sites, so be sure you know the person you are friending or following you. Finally, be careful about what you post. Debt collectors will be looking at these sites to find clues about where you live and work.

If you ever had debt collectors calling you with harassing calls, you know how aggressive they can be. Whatever you do, don’t give them another avenue to get into your personal life.


1 Response to "Facebook and other social media being used by debt collectors"

Hello. Great job. I did not expect this on a Wednesday. This is a great story. Thanks!

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