Some of the worst advice here imaginable. I am a paralegal in the legal department of a collection firm ...in the business over 20 years. ...so many fallacies..anyone with specific questions can pm me. I'm just shaking my head here.
Btw, putting a firm "on notice" to not contact you by phone or mail under the FDCPA will generally do nothing more than get you sued. I make a VERY good living off people who have been given poor advice by people who think they know how to beat the system.
Btw, putting a firm "on notice" to not contact you by phone or mail under the FDCPA will generally do nothing more than get you sued. I make a VERY good living off people who have been given poor advice by people who think they know how to beat the system.
IAGirl is correct
Failure to responsibly deal with your accrued debt could result in a vist like this one:
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Failure to responsibly deal with your accrued debt could result in a vist like this one:
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I've worked in finance and credit since 94, and in the economy's current state its this simple.
If you own a home and miss on your mortgage, the hit isn't as severe.
If you miss your credit card, car, and store payments your credit hit is worse.
As an option, you can always call the companies to settle your balance at a lesser value. Don't bother with those consolidation companies. They're just making a commission off of something you can do yourself.
If you own a home and miss on your mortgage, the hit isn't as severe.
If you miss your credit card, car, and store payments your credit hit is worse.
As an option, you can always call the companies to settle your balance at a lesser value. Don't bother with those consolidation companies. They're just making a commission off of something you can do yourself.
For sure, but your so Rico Suave, you would hog all the bitches...
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That reminds me, when i come into town...you wanna go hoggin?
Prolly one of those cheesy ones squeezed next to the dog food and charcoal briquettes at the grocery store? :missingte
its not about "beating the system"
its about knowing your rights when these garbage debt collection companies (most likely the one you work for) come calling for the money they claim you stole from them
since you are a 'paralegal in the legal dept of a collection firm' why dont you share with everyone how much a collection company pays for...oh say...a $5000 debt :nohead:
also share with everyone how collection companies purchase these debts from the original creditor in bulk portfolios with little or no documentation
hno:you may 'shake your head' all you like...bottom line is...you arent making a 'VERY good living' off anyone that dont have a pot to piss in
and like I stated before...if the original thread starter DOES have assets then a simple chapter 13 makes people like you shed a few tears as you wont get that bonus for collecting on his debt
now if there are NO assets involved....what can your 'legal dept' do then??
NOT A DAMN THING...good luck on bringing a judgment against someone with no money....L-O-L
now back to watching your switchboard with hopes someone answers that next automated call from your station...and has money to pay your collection company...the boss is watching...and your meaningless threats have not yielded any current payments tword the $100 your company spent to have rights to collect on a $5000 debt from the original creditor :cripwalk:
Listen to everything Point Given has posted and go to this website for info on dealing with this.
www.budhibbs.com
Keep in mind that debts are uncollectable after the Statute of Limitations has expired, even if the debt has been purchased by another company. The biggest factor in getting rid of these monkeys is knowing how to sound like a lawsuit-loving lawyer when you're talking on the phone to them; I can tell you from personal experience that it gets rid of them very quickly.
www.budhibbs.com
Keep in mind that debts are uncollectable after the Statute of Limitations has expired, even if the debt has been purchased by another company. The biggest factor in getting rid of these monkeys is knowing how to sound like a lawsuit-loving lawyer when you're talking on the phone to them; I can tell you from personal experience that it gets rid of them very quickly.
I have a Sears Mastercard from Chase Bank. I've been paying on it and using it for 17 years. Never late one single time.
I ran the balance up to about $8,000 and made $250 payments on it for about a year. Then I decided to pay it down so I gave them 1/2...$4000. Then 2 days ago I went to the dentist and had about $1200 worth of work done in my mouth and tried to use the card to pay for it. It was declined and I ended up paying cash.
That bank took my $4000 and lowered my credit limit which in itself harms my credit because the balance is still maxed out which is why I gave them $4000 to begin with, so I could lower it down and improve my credit rating. I called them and complained that after 17 years of never missing a payment, they must have been mistaken to lower my limit. They told me that I was maxed out with them and with one or 2 other companies so they figured I was all tapped out... after they took my $4000.
Before I pay off the other 2 cards I'm going to see what they intend to do with my credit limit first. I think these banks are run by morons who can't make good decisions about giving credt and I personally don't think they deserve a dime of government money to help them because they are so incompetent and it would be like throwing money into a bottomless pit. Meanwhile thier corporate execs just bought themselves a new $40,000,000 corporate jet.
Let's all stiff them at once. Fuck the banks.
I say let's bail out the American people instead of the banks and forgive all their debt. If I'm supposed to "get over it" and move on, they can too.
I ran the balance up to about $8,000 and made $250 payments on it for about a year. Then I decided to pay it down so I gave them 1/2...$4000. Then 2 days ago I went to the dentist and had about $1200 worth of work done in my mouth and tried to use the card to pay for it. It was declined and I ended up paying cash.
That bank took my $4000 and lowered my credit limit which in itself harms my credit because the balance is still maxed out which is why I gave them $4000 to begin with, so I could lower it down and improve my credit rating. I called them and complained that after 17 years of never missing a payment, they must have been mistaken to lower my limit. They told me that I was maxed out with them and with one or 2 other companies so they figured I was all tapped out... after they took my $4000.
Before I pay off the other 2 cards I'm going to see what they intend to do with my credit limit first. I think these banks are run by morons who can't make good decisions about giving credt and I personally don't think they deserve a dime of government money to help them because they are so incompetent and it would be like throwing money into a bottomless pit. Meanwhile thier corporate execs just bought themselves a new $40,000,000 corporate jet.
Let's all stiff them at once. Fuck the banks.
I say let's bail out the American people instead of the banks and forgive all their debt. If I'm supposed to "get over it" and move on, they can too.
