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 | JS 2013-09-07 13:54:32 Debt Collector |
1.The first thing debt collectors don?t want you to know is that there is no law that requires that you work with them at all, let alone even talk to them. They certainly don?t want you to know that if you send a cease and desist letter ? one that says you no longer wish to be contacted about the debt ? that collection agency must stop all of the harassing calls and letters immediately. If they fail to stop, they will violate the FDCPA.
2.Because most collection agencies work on a commission basis, it is not unusual for collectors to tell a debtor that he or she has to pay a large downpayment on the owed amount. They may say that a hefty initial sum is required in order to prevent collection fees from growing, or that it is necessary to begin the process of eliminating the debt from their records.
What they don?t want you to know is that there is no such requirement. They merely want to get as much money upfront as possible to inflate their commission.
3.Debt collectors also may tell you that there is a deadline for payment and threaten you with dire repercussions if the debt is not paid within the prescribed time frame. What they don?t want you to know is that there is no such thing as a deadline. It is a complete fabrication, one designed to get your to repay your debt as quickly as possible, because they know that the longer they have to wait to get paid, the less likely it is to ever happen.
4.Collectors often exaggerate the consequences of delinquency and non-payment. Threats are illegal under the FDCPA, but suggestions that your credit score will suffer, or that your possessions may be seized, are simply scare tactics with nothing to back them up.
In fact, if your debt is in collection, your credit score has already been damaged and the potential loss of your possessions is pure fiction. What they don?t want you to know is that all they can really do is ask, cajole, and demand that you pay. The rest is bluster.
5.Sometimes, debt collectors will ask you for information ? your bank account number, your social security number, where you work, references from friends and colleagues. Why? To put together a ?financial statement? they need to work out any repayment plan.
They don?t want you to know that they are merely fishing for information that will help them find you if you move, sue you if you don?t repay, or get into your bank records. There is no financial statement, and you should never give out proprietary information to anyone ? ever.
6.Debt collectors also don?t want you to know that they cannot pursue you across state borders to enforce a judgment levied against you by a creditor who sued you for non-payment and won. Transferring the judgment to another state is time-consuming and expensive and not likely to occur very often.
7.Debt collectors don?t want you to know that there are limits on the amounts they can legally garnish from certain portions of your income, like salary, social security or pensions. For example, the maximum amount that can be taken from a paycheck is the lesser of 25 percent of your disposable earnings or the amount by which your wages exceed 30 times the federal minimum wage.
You can also file for complete exemption from wage garnishment, if you can verify that it will cause you or your family financial hardship to have any monies withheld.
8.Remember, high pressure tactics by bill collectors are used solely to scare or bully you into paying them. While it is still your responsibility to square all your valid and legitimate debts, you don?t have to endure illegal, harassing or irritating activities.
Arming yourself with the right knowledge can help free you from the frustration ? and empower you.
http://www.debt.org/credit/collection-agencies/secrets/
2.Because most collection agencies work on a commission basis, it is not unusual for collectors to tell a debtor that he or she has to pay a large downpayment on the owed amount. They may say that a hefty initial sum is required in order to prevent collection fees from growing, or that it is necessary to begin the process of eliminating the debt from their records.
What they don?t want you to know is that there is no such requirement. They merely want to get as much money upfront as possible to inflate their commission.
3.Debt collectors also may tell you that there is a deadline for payment and threaten you with dire repercussions if the debt is not paid within the prescribed time frame. What they don?t want you to know is that there is no such thing as a deadline. It is a complete fabrication, one designed to get your to repay your debt as quickly as possible, because they know that the longer they have to wait to get paid, the less likely it is to ever happen.
4.Collectors often exaggerate the consequences of delinquency and non-payment. Threats are illegal under the FDCPA, but suggestions that your credit score will suffer, or that your possessions may be seized, are simply scare tactics with nothing to back them up.
In fact, if your debt is in collection, your credit score has already been damaged and the potential loss of your possessions is pure fiction. What they don?t want you to know is that all they can really do is ask, cajole, and demand that you pay. The rest is bluster.
5.Sometimes, debt collectors will ask you for information ? your bank account number, your social security number, where you work, references from friends and colleagues. Why? To put together a ?financial statement? they need to work out any repayment plan.
They don?t want you to know that they are merely fishing for information that will help them find you if you move, sue you if you don?t repay, or get into your bank records. There is no financial statement, and you should never give out proprietary information to anyone ? ever.
6.Debt collectors also don?t want you to know that they cannot pursue you across state borders to enforce a judgment levied against you by a creditor who sued you for non-payment and won. Transferring the judgment to another state is time-consuming and expensive and not likely to occur very often.
7.Debt collectors don?t want you to know that there are limits on the amounts they can legally garnish from certain portions of your income, like salary, social security or pensions. For example, the maximum amount that can be taken from a paycheck is the lesser of 25 percent of your disposable earnings or the amount by which your wages exceed 30 times the federal minimum wage.
You can also file for complete exemption from wage garnishment, if you can verify that it will cause you or your family financial hardship to have any monies withheld.
8.Remember, high pressure tactics by bill collectors are used solely to scare or bully you into paying them. While it is still your responsibility to square all your valid and legitimate debts, you don?t have to endure illegal, harassing or irritating activities.
Arming yourself with the right knowledge can help free you from the frustration ? and empower you.
http://www.debt.org/credit/collection-agencies/secrets/
| BRH 2013-09-07 13:38:46 Debt Collector |
Debts are considered a civil matter, so law enforcement will never get involved. Nevertheless, some debt collectors will try to convince a debtor that they are connected to law enforcement or will threaten the debtor with police action. This is a completely illegal scare tactic that has no ground to stand on. No collection agency is in anyway affiliated with any law enforcement, so you shouldn't fall victim to such a shady tactic. It should be reported to the FTC and the Attorney General of that person's particular state. An agency that is threatening a person physically or verbally is in violation of the Fair Debt Collection Practices Act. In the end, the key to handling these scare tactics is to get educated about debt collection and the FDCPA. You must know what debt collectors can and can't do under the law so that you can protect yourself from any illegal scare tactics. Also, you must remember that the legal scare tactics are still just methods employed to scare you into paying your debts. It's a smart idea to know as much as possible about collection agencies to avoid being intimidated. Source : http://voices.yahoo.com/5-scare-tactics-used- ... es-8669687.html ... Realize these people are tactical in concealing who they are and how they found you because they realize what they are doing is illegal. They are highly skilled in deception only to squeeze a little money from individuals. Beware!
| ab 2013-08-16 13:30:09 Debt Collector |
I received a call from them stating the same nonsense. Funny thing is that i live in a place that does not have counties and i haven't had a checking account since the 90's, soooo how is it i'm to appear in a county court.
| JD 2013-07-29 18:55:19 Debt Collector |
stated a bunch of nonsense about a pretrial document and standing trial in county court for check fraud. # came up restricted on caller ID but gave this as a callback number. Another bottom feeding debt collector trying to scare and intimidate people by threatening criminal action.
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