Accounts Receivable Management Featured Article

That Facebook Friend Could Be a Debt Collector

April 06, 2011

Here’s a story you’re going to post on your Facebook (News - Alert) page, as we just did: Be careful of unwittingly friending a debt collector.

According to Portland, Ore.’s KATU News, social media gives debt collectors a whole new way to catch scofflaws. KATU spoke with Tim Mabry, who owns a debt collection agency.

Mabry loves Facebook. He told KATU that he gets told oh, I don’t have the money to repay them now, I really don’t, but “you go on their Facebook page and [they’re] standing out in front of the pickup with big tires and fancy wheels -- you have to be careful.”

According to a recent item on FoxBusiness, a St. Petersburg, Fla. judge recently ordered a debt collection agency to “stop contacting one debtor’s friends and family on Facebook” in an attempt to find a woman who owed $362 on an unpaid car loan.

Personal finance consultant Gerri Detweiler of Credit.com told FoxBusiness that using Facebook “is legal when trying to locate a debtor,” adding that they can’t just use any means they want. “They have to follow the law— it's not necessarily that they can’t use Facebook to find more information about a debtor. For consumers, if you owe debt, be well aware that anything you post online is fair game for a collector.”

And be careful if you get a friend request from Tim Mabry. Might want to check to make sure you’re paid up as well.

And yes, debt collectors do Facebook. As KATU reported, “the owner of a Portland-area collection agency said they have a contest to see who can collect the most debtors as friends.”

It’s not just Facebook. KATU’s report found that debt collectors say career networking site Linkedin is “particularly helpful if debtors make a big deal about not being able to pay bills because they’re unemployed. It’s hard to make that argument if their Linkedin profiles detail their current employers, positions and job descriptions.”


David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Janice McDuffee

Article comments powered by Disqus

Related Accounts Receivable Management Articles

e2b teknologies Announces New Anytime Collect Customer

e2b teknologies adds fire suppression technology customer for its Accounts Receivable Management (ARM) solution. [ Read More ]
01/21/2015

Anytime Collect Automates the QuickBooks Accounts of a National Medical Collections Company

A performance analysis conducted by the Commonwealth Fund in 2014 revealed even though the U.S. had the most expensive health care system, it ranked last in comparison with 10 other nations in the delivery of healthcare. According to the fund, the U.S. needs to continue adopting health information technologies to introduce new levels of efficiencies across the board. [ Read More ]
01/14/2015

National Recovery Solutions Deploys Virtual Negotiation Technology

As of 2014, the total amount of debt consumers owe in the U.S. totaled $11.74 trillion, which was a 3.3 percent increase from the previous year. The credit card, mortgage and student loans consumers have to contend with cause a tremendous amount of pressure in their personal and financial lives. [ Read More ]
01/12/2015

NCEMSC Announces New Partnership with AMBARA

One of the interesting things about the accounts receivable management (ARM) business is just how vertically oriented it is. This is not surprising given the highly unique needs of specific industries when it comes to ARM. Hence, the desire of organizations looking to automate ARM capabilities to deal with experts in the needs of their vertical is high and reflected in industry fragmentation as a result of the need for customized solutions. [ Read More ]
01/07/2015
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!