Collection agencies and credit cards

Ah, the trails we leave across the byways of social media sites: some of our posts are intended, others…well, if only we’d reached for our cup of coffee, or walked outside before deciding to post that video or comment.

Regardless, the more time we spend sharing with friends, family and just plain onlookers, the more likely our profiles are burnished in the landscape.

On Facebook alone, we spend over 16 billion minutes daily clicking and posting; pull in the 140-word moments spent on Twitter and the other social media formats, we’ll we’ve made it pretty easy for companies to find us, track us and record terabytes of information.

For collection agencies and repossession companies, this landscape is a bonanza for picking up all we didn’t want them to know about us. 

However, what about the legality of it? Can they sift through our personal data and how we use our credit cards , for example, without fear of punishment or prosecution?

Collection agencies and credit cards: The Fair Debt Collection Practices Act (FDCPA)

A panel made up of representatives from The Federal Trade Commission and members of the collection industry gave the green light. The collection industry must meet the guidelines drawn up by the Fair Debt Collection Practices Act (FDCPA) .

The defining point is the information they seek must already be made public.

It remains just fine and dandy for the collection industry to rummage through our posts and photos—maybe the the repossession company will see the Mercedes they want to take back parked in the trees by your summer home.

The short of it is they can do all this as long as the information and data is already public.