Vision Credit Education, Inc.

Creditors holding delinquent debt accounts are increasingly under pressure to reign in losses by collecting on delinquent accounts. This pressure is passed on to delinquent debtors that are unable to catch up. The results are sometimes tragic.

Foreclosure Prompts Suicides

On October 23, 2007, a couple in Prineville, Oregon gave up all hope. Raymond and Deanna Donaca died in their home of carbon monoxide poisoning after leaving their Cadillac Eldorado running in the garage. Fumes filled the house, killing the couple and their three dogs.

The couple was facing foreclosure and tried unsuccessfully to save their home. Investigators believe the couple committed suicide, believing that they were out of options.

In July, 2008 a Massachusetts homeowner faxed a suicide note to her mortgage company. Police Chief Raymond O’berg stated that the note advised that “by the time they foreclosed on the house today she’d be dead.”

Bidders that arrived at the home for the 5:00 auction found it surrounded by police cruisers. Inside, Carlene Balderrama lay lifeless, having used her husband’s high-powered rifle to take her life.

Other Debts Create Stress

Pressures from unpaid debt can affect people in different ways. In addition to mortgage problems, there are other types of debt that have similarly driven some people to extreme measures.

On July 29, 2008, 62 year old Emilio Saladriagas walked into the Rent-A-Center store in Bloomfield, New Jersey. The man set himself on fire in the lobby of the store in front of frightened customers and employees. It is believed that the sheer volume of late payment notices and collection calls promted him to commit the act.

Financial difficulties, along with infidelity are the 2 biggest reasons for marriage failure in this country. The stresses of collection efforts can put pressure on individuals, spouses, children and their employers.

Even churches and nonprofit organizations feel the impact, since they are usually the most effective outlet for financially distressed consumers. Still, these providers find that far too many debtors delay getting the help they need until it is too late.

If you find yourself in a bind, and are looking for an outlet, suicide is not the way to go. There are a number of charities that are available to help you get back on your feet. Even if you feel you have no options, your situation and future may still be much better than you realize. Get the help you need today.