A reader sent me a link to the a series that the Boston Globe is running about some horrible debt stories. The series is aptly titled Debtors’ Hell.
There is actually so much information there that I’ve been reading and I still have more to read. There’s personal stories about old debts coming back to haunt you or how some people are having their cars seized for old debts under $500.
Reading those stories, I can’t help but feel glad that we are not in those situations. Yet, I know that we are one financial hardship of possibly being there. I also found myself getting so angry at some of the tactics that debt collectors are using. Yes, a debt means that it must be repaid. But when the tactics are shady and go behind the backs of people, therefore not letting them make the debt right before extreme measures are taken, I do not believe that is right.
With reading the stories, you’ll see what I mean.
Note: You will have to register for free at Boston.com to read the entire stories.