No one is ever excited to be contacted by DEBT COLLECTORS . . . but their attempts to reach you could get even more annoying because now they’re allowed to SLIDE INTO YOUR DMs.
New regulations went into effect this week that let collectors reach out to people through their social media accounts, including Facebook, Instagram, and Twitter.
About one-third of U.S. adults with a credit report currently have debt in collections.
If you’re one of those people, you should know that debt collectors must abide by several rules (which they SURELY will follow to a T) . . .
They can’t butter you up with heart and eggplant emojis . . . they have to disclose that they’re a collector, and they must offer you an option to opt-out of social media messages. They also can’t send PUBLIC messages that are viewable to others.
This was cleared by the Consumer Financial Protection Bureau last year. The director at the time said the rules were intended to “modernize the legal regime for debt collection.”