Debt collectors are liars, cheats, etc. .. Take advantage of every loophole possible and even break the law. Were present in almost all news programs on CNN and 60 minutes. There are laws to curb harassment and collection efforts and make this process more civil, but the figure increased the risk of being caught is minimal and the rewards to cease the harassment and theft of victims is much higher. Now we have the power to take backour lives, stop them in their tracks and sue them for more than what they are trying to collect.
First, let's start with what is actually owed and how most collection agencies work. In general, an unpaid debt is sold or given to a collection agency. 95% or more of these debts are credit cards, store cards, gas cards, etc. .. These debts are then tiered according to age of debt, the amount, credit, work history, etc. .. Generally most debts are bought forcents. the recent debt can range from $ 0.15 to $ 0.25 on the dollar, while the historic debt that has had numerous collection attempts goes for $ 0.05 or less and debt that is beyond the statues of limitations for the state the debtor resides go for less than $ .01. For example, if you had $ 10,000.00 in credit card, the collection agency paid more than $ 2,500.00, but probably paid less than $ 1500 for it. Now, the interesting thing is thatcall and write you stating that now I have $ 14,000.00 or less, stating that it has accumulated interest and questionable various committees. All this is useful if you're dumb enough to pay that. A fair solution would be $ 1,700.00 or less. So the point here is that never be what they are trying to get you - it is always much, much less.
Secondly, we will give some more ammunition - The FDCPA 1977 (Fair Debt Collection PracticesAct) does not confer rights to the debt collectors will tell you. If you do not want to hear from them again, easy. Just write a letter saying he wants to make contact with you (be sure to put in the letter that - PS This letter is in no way an acknowledgment of debt above which (s) - so you may not even groped by try-l'età debt (add another 7 years of data collection and communication for more information) harass. Send back tocertified mail, return receipt and keep your receipt. If after this contact for any other reason to say that or drop the issue or taking it to court (99.99% did not go to court because it costs them more money and your chances of getting something is almost zero - even a sentence), then you can sue for $ 1,000 each occurrence. People win these games every day - most settle out of court for much more than the original debt(Just search the Internet to small claims court). You also have the right to dispute the debt and the debt collector must provide proof. Many collection agencies have been sued by many debtors for their failure to provide proof. Just look at the acceptance of assets on the Internet - are one of the worst violators of this federal law, with thousands of cases pending for harassing collection practices debt.
Therefore,now you know how to stop collection agencies debt in its tracks. You know how to get relief - that cause! If enough people demand things change. Also the use of state and local resources. State attorneys general to pursue debt collection agencies that routinely violate the law, consumer protection agencies (Better Business Bureau, etc. ..), the Federal Trade Commission goes after the worst abuses, and of course The State Insurance Departmentfinances (actually these licensing agencies rto operate in your state.) You state department of finance and insurance, or similar, has the power to fine, punish or even expel from the debt collection agency in your state. Every state requires that a collection agency debt for a license and put a financial bonus of great size (about U.S. $ 50,000) to operate in your state. To call these people if you have problems with a collection agency debt - isimmediate results in their favor. Do not threaten the collection agency that has these rights - use them. Bring the knees collection agency if they are violating their rights.
The other problem is are these bills, debts even correct? Many hospitals, doctors, etc. .. Ethics and bill patients deliberately do not double or triple, even without insurance, because they know they can get away with it. If you have any questions about your request for an itemized billand have been professionally reviewed. This will reveal things like overcharging ($ 100 tissue boxes, 1000 percent markup on medicines, etc. ..) We entrust these hospitals and doctors with our lives and then have a life of double billing or worse. There are a policeman from government hospitals. Many times a debt collector will actually make a debt or illegally pass one to you by someone else (Asset Acceptance has been sued so many times). Do not assume you have to pay any debt and take them to task. If needed, pay, but pay the least amount possible, and pay on your terms. If you break the law - make them pay!
If you have a problem with a bill discloses that its policy of state. If enough people do this things will change. Write to your local newspaper, says a friend, make a statement. Tell others of their rights. packs of cigarettes come with a warning - not debt collectors and debtCollection Agencies> with its high propensity to skirt the law also come with mandatory warnings? The more the voice, the better the chance that something will be done on it.
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