Collection debt is increasing.
This is a broad statement. We have seen collection activity increase in this industry in the past 3 months. The “vultures” are taking advantage of the economy and how the dynamics are changing with jobs and incomes. Junk debt buyers are swarming with intensity. Knowing what to do is half of the fight. The other half is taking action and being proactive against the collection agencies.

Andrew Cuomo stated the other night on Dateline “the debt collection industry is exploding”.

He said ILLEGAL. This is exciting when the AG states that these actions of the collection agency are illegal. To accuse an industry of being illegal is a strong accusation. We were leary of writing that statement here on this site because of the ramifications.

You are not alone and you have rights. The consumer does not have to agree with the debt collectors. The burden of proof is on the collection agency.

Also, if the debt collector sends documentation to you – how do you know if it is acceptable and legitimate? There are definitive steps to collection debt elimination.

Let us deal with the details for you. Call us for your free analysis to understand your options.

Educate yourself with the Dateline video of Andrew Cuomo NY AG.

 

 

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