Stop Collection Agency Harassment

CREDIT CARD COMPANIES EXPLOIT LOOPHOLES

This is why we do not advocate debt settlement/debt consolidation. We receive calls from consumers who trusted the debt settlement / debt consolidation company and next thing that happened either the company disappears or the consumer credit accounts are moved on to collections.

This situation with Linda Robertson could have turned out different had she known about our company. If she contacted us WHEN she was receiving collection letters, we would have steps for her to take for collection debt elimination and not pay any collector.

PALM BEACH, Fla. — For the companies that promise relief to Americans confronting swelling credit card balances, these are days of lucrative opportunity. Consumers rarely emerge from debt settlement programs with their credit card balances eliminated, these critics say, and many wind up worse off, with severely damaged credit, ceaseless threats from collection agents and lawsuits from creditors.

5 WAYS TO MINIMIZE YOUR CREDIT CARD PAIN

We only advocate having only one credit card for emergencies.The alternative way for credit restoration

BUILD CREDIT WITHOUT A CREDIT CARD

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“Taking Your Credit to the Next Level”

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We also want to list the steps to collection debt elimination and to keep putting this information out there for the consumer to use. As more consumers face financial chaos in their lives, the more likely they will face collection debt situations. There is not a demographic which limits the debt collector – over 18, under 99, doctor, lawyer, accountant, auto mechanic, retailer, real estate agent, mortgage loan officer, administrative, restaurant employee…these are consumers who are losing money due to their profession.

If you do not want/need our company to help you, YOU CAN do this process yourself. Please note that you really need to know what happens if the debt collector sends validation of the “alleged” account. What next? If you do not know the answer, then you do need us to handle this situation for you. Sometimes the VOD process is not simple.

The collection industry seems to have accelerated efforts. There have been a few new agencies that have been established in 2007/2008 hoping to catch the wave of profit. They are not going away anytime soon. HOWEVER, the more the consumer files a complaint with the Attorney General and the Department of Consumer Affairs – the more difference it makes.

Here are the steps to debt elimination.

If you have been contacted with letters/phone calls from a collection agency:

Do not assume you have to pay the “alleged” account. How OLD is the original account? Everything HAS to be in writing.

#1 WRITE a VOD letter or an SOL letter – do not call the collection agency about this matter

Send both methods because you need to have documentation of both methods of mailing. This is for YOUR documentation.

#2 SEND certified mail return receipt

Do not call a debt settlement company to assist you in paying this “alleged” account to the collection agency. Learn your rights first.

In 99% of these situations, the consumer does not have to pay.

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Many consumers receive collection debt letters in the mail regarding accounts that have already been paid (no kidding) and/or the time limit to collect has expired. Junk debt buyers have names and account numbers of consumers who have paid a collection account even as far back as 10 years ago and they try to collect AGAIN. The trick for the debt collector is that the consumer most likely does not remember or has no documents of this account so they take the debt collectors word for it. This happens often. Debt collectors and collection agencies have no conscience.

A common scenario is that a debt collector will send you a letter to you if your name is similiar to someone else who HAS a collection debt and it may be a very old account that has expired under the guidelines of the SOL. The consumer questions it and the collector “convinces” them to pay. This is not even the consumers account but the collection agencies attempt to make it an “account” when it actually has another consumer name on it. Does this make sense?

THE MOST COMMON scenario is when the debt collector will send a letter that is 5-10 years old to collect. This falls under the statute depending on which state. The debt collector KNOWS that this is too old to collect on but they send it anyway because the consumer does not know their rights. The debt collector knows they legally don’t have any rights to collect but if the consumer does not know about the SOL then the consumer will start to pay the account. Instant profit for the debt collector.

If a certain amount of time passes and the consumer has not been able to pay the collection account, there is a time limit and the collection debt will expire under the SOL. The debt collector CANNOT collect on it. Please note that the SOL does not apply to all debts. The consumer has to check their state’s civil debt collection codes. You must not ignore the collection letters that are old. You can be sued. YOU MUST WRITE AN SOL LETTER.

We are adamant about not talking to debt collectors. They will trick you into making a payment or verbal agreement and that puts the account “live” and the collector lives for the dead to come alive with the SOL accounts.

It is imperative to document all action for your records.

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The debt validation is the beginning of eliminating the account. Some say “a debt is a debt is a debt” and pay up. However, if the “owner” who has purchased the alleged account in a portfolio is junk debt and worthless – PROVE IT. The law says to prove it. If major corporations cook the books in accounting, then what makes you think that collection agencies would not create fake documentation to look legitimate. It happens all the time. Collection agencies can and do operate as a business. That is not unusual. They also operate as fake attorneys offices. Unless you are aware of these facts, you are helpless. You must write the agency and ask for proof. Letters from debt collectors are not to be ignored.

It is imperative to document all action for your records. This basically states “do not contact me until you can send valid documents”.

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You are an unfinished individual. You are always learning. It is inevitable. You cannot live on this planet and not learn. Another expression “knowledge is power” is true.

Consumers need more education regarding their consumer rights. If you do not know your rights, do you have any? Time and time again, you hear someone say that they wish they had a lawyer so they would know that was possible. Time to step up and educate yourself in the little things which turn out to be very significant. Get power with knowledge.

The education for collection debt elimination is right in front of you. With technology, it is quickly accessible. However, there is so much information regarding collection debt, consolidation, credit repair and debt relief. Where does the consumer start?

Start with reading about collection debt and debt collectors. Write down and take note of what you read. Don’t be intimidated by what you read. If anything you will be disgusted of what you wish you knew much sooner than you discovered. Don’t beat yourself up about that. There is a reason for you discovering this information and learning more. Timing is everything.

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