Debt Collectors

Source


How to handle them:


"First and foremost READ and KNOW the FDCPA rules and regs.. Second, VERIFY the debt, ask IM WRITING, for them to provide WRITTEN proof of the debt and NOT on thier letterhead, that measn nothing. It MUST be something from the ORIGINAL creditor, stating you agree to and will abide by thier terms of business, and MUST BE SIGNED BY YOU. THIRD send them a letter IN WRITING, Certified with RETURN RECEIPT, that you wish to NOT be contacted at ANY numbers they have in or associated with you or your file. Lastly, DO NOT ever in ANY circumstance give them you bank info, earning info to include capacity to earn, or ANY financial info except to say that your are BROKE. If they want to offer you a settlement, ask them for the OPRIGINAL ballance and USE that number to get a 50% or LESS settlement. (You can do it, I do it everyday). They will offer you 50-40% of current ballance, but remember ONE thing.... First source is a DEBT BUYER, in other words they OWN your debt, and bought it four about .09 cents for every dollar owed. SO if your ballance was originally $1000.00, THEY paid $90.00 for it. Anything you pay thme above that is PURE proffit for them. ONE last thing, when you are toalking to ANY collector keep this in mind, they will LIE, THREATEN, CHEAT, STEAL, DECEIVE or FALSIFY info to get money out of you. Remember they ALL get paid minimum wage PLUS BONUSES on how much they collect. A percentage (usually about 13%) goes directly to them. PLease educate yourself online.... everything you need is here online... remember every time they VIOLATE Your rights under the FDCPA, THEY can be fined $1000.00 for EACH and EVERY violation. If you have to, HIRE a lawyer on contingency, its worth it. Best of Luck.....Debt Manager "


"BOTTOM LINE: Credit card banks and collections bozos can do absolutely NOTHING to you. Don't fall for their scare tactics of lawsuits and wage garnishments. THEY ARE LIES. 

DEFAULTING IS YOUR BEST SOLUTION. "