I got laid off from my job two months ago, and have fallen behind in my payments. I started receiving up to 10 collection calls a day from HSBC/Orchard Bank. I sent them a written "cease and desist" notice via certified mail, and the calls still continue, despite citing the Fair Debt Collection Practices Act. I sent my second notice to them today. My caller i.D. Captures over 10-12 calls a day from these people.
In light of the job loss, when faced with living on the street or paying credit card bills, I elect to keep my rent payments current. This may rattle some nerves, but until you are in my shoes, you won't understand. Don't fall for this company's pseudo-friendly-hey-let's-work-it-out collection notices. It's just a means for them to obtain your bank account number so they can tap your account without permission. Fortunately, my roommate brought me up to speed on their collection tactics... Don't fall for them, no matter how "friendly" their letter sounds. Do as I have done... File a complaint with the FTC regarding their debt collection practices. An entity is supposed to stop all collection calls once they receive written notice to do so.
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