Friday, September 30, 2011

Quick Post: Obama Approves Collectors To Hunt Down Borrowers On Cell Phones

Over at AOL's Daily Finance Section, reporter Laura Rowley writes, "Hundreds of thousands of borrowers who are behind on their federal student loans may be the target of some unwanted -- and expensive -- attention: A provision in President Obama's deficit reduction plan would allow debt collectors to call the cell phones of people who are late on government loans or on loans with federal guarantees. Currently, collectors can only call home phones."

Great! So they can hunt us down even more so than they already are. Ain't this news grand?

Also, let me know if you'd read a book by me about the student lending crisis here (please leave a comment)! I am writing a currently writing a comprehensive book about the issue, and want to know how many of you wold purchase it - just leave a quick note. Thanks so much.


warwick555 said...

We need to start a petition against this rule immediately on This is terrible.

Anonymous said...

So you think anyone with a cell phone should be able to dodge repaying their federal debt? This was a rule designed to restrict telemarketers which has been misinterpreted by the courts to include calls from organizations with whom the call recipient already has a business relationship, for example a bank account or a loan.

Cryn Johannsen said...

@Anon 8:05 that is not the appropriate question to ask, and that's not what I am saying. You are failing to realize that this is a SYSTEMIC crisis, and that we need to come up with a solution that won't penalize people who are struggling in this disastrous economy. That's the point.