Debt Collectors Turn To Facebook

News
Monday, November 22, 2010 - 3:12pm

Collection agencies are using social media sites to track down and pursue debtors.


Social media sites are a great way for people to get a glimpse into someone's life, and attorney Clinton David warns more debt collectors are using Twitter, Facebook and
Linked-In to get a glimpse into the finances of people that owe money.

"If you are claiming poverty to debt collectors and at the same time, you post a picture of your new boat on your Facebook page, you deserve what you get," he says.

So if you plan on taking a picture next to a fancy car and posting it on your social networking site, legal experts say, you better think again.

"What you don't want to put on there is specific information, say, about your new vacation home or something along the lines of your job, your new promotion and bragging about your bonus," David says.

David says there's a gray area in the law when it comes to what debt collectors can do
On social media, but there certainly are things that are off limits.

"You cannot harass a prospect to collect a debt. There are hours that you can't call. Early in the morning or late at night. You can't make repetitive calls," he explains.

Until the law is clear attorneys say those in debt shouldn't brag online about money.
 

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