Answers For Debt
Debt Settlement Do It Yourself Debt Consolidation
COLLECTION CALLS, COLLECTION AGENCIES, DEALING WITH COLLECTION CALLS, AND COLLECTION AGENCIES, CONSUMER PROTECTION LAWS.
I heard about this new business, factoring buying debts. Is this the reason the credit collection industry has become so aggressive? Is this the reason for increased credit collector violations? I'm getting collection agencies calling me at home, at work, and these debt settlement companies too. Collection agencies are even calling me at work, but the debt settlement companies say they can stop calls, and reduce my debt, interest and late fees. Is this true, can debt settlement companies stop calls, and reduce my debt? Hey this is serious intruding on my life, it is an intrusion on my life, threats to sue me, garnishee my wages, this is changing my life. What can I do? Is this legal calling my job? Answer is no, not if you write to them, and say communicate with me in writing only, don't call home or job. Learn the law-The Fair Debt Collection Practices Act.
Stop the abuse. They are probably breaking the law. The Fair Debt Collection Practices Act limits calls and contacts, and it is easy to learn how to stop the collection agencies in their abusive methods. Knowledge is Power!
Factoring, buying debts has effected collection efforts, and contributed to credit collector violations
Factoring, buying debts has effected collection efforts, and contributed to credit collector violations
Abusive collection agency tactics are not being reported because of lack of knowledge of the law. Collection agencies are limited by law, as to what they can say, and can not say, but you must know the law as well. It really is simple the average consumer, or debtor as the industry refers to you, just does not know the law. Threatening to sue, but not really intending to do so is illegal, and calls can be stopped easily. Threats of repo, or referring to the debtor as a "deadbeat" are against the law, period, on unsecured debt, any type of debt. Learn the difference between unsecured debt, and secured debt. Please read on, and end this nonsense, as the credit industry has gone back in time and utilizing methods of long ago, the government pre occupied with Homeland Security, war, politics as usual. A whole new generation enters the work market burdened not only with credit card debt, but an assortment of student loans, unprecedented in the U.S.A. Don't waste time. Your credit bureau is updated timely, monthly, and you need to keep up with this industry. Time is your most valuable asset, don't waste it. Factoring buying debts is the main reason the credit collection industry has become so aggressive, and has contributed to increased credit collector violations.
Time is your most valuable asset. How you use it is most important. Please educate yourself one way or the other, if not with my book, check the links provided.