How to Get Collect Agencies Off Your Back

2008-12-12T15:00:00.000-08:00

Stay in Control
The first thing a collection agent will try to do is take control of the situation. There's several reasons for using this tactic. The collector wants to wear you down emotionally & mentally, causing you to worry about your situation but, more importantly, they want you to agree to payments & contracts that you don't have to agree to or you are unable to pay.

In order to maintain control, specify how much you can pay & when(if you actually owe anything) & don't let them talk you into paying earlier or more than you actually can. Never let them effect you emotionally, these people are TRYING to wear you down and, if you let them, they will succeed.

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Know your Rights
Collectors are thieves & harassment plain & simple. You can put these people in their place per Federal Trade Laws by sending them a cease & desist letter. If they do not cease contacting you, you can immediately file a complaint with the Federal Trade Commissions.

Here's a sample Cease & Desist Letter:

Dear (Insert Collection Agency Here),

You are hereby notified under provisions of Public Laws 104-208, also known as the Fair Debt Collection Practices Act, that your services are no longer appreciated.

You and your organization must cease & desist all attempts to collect the above debt. Failure to comply with this law will result in my immediately filing a complaint with the Federal Trade Commission and the (home state) Attorney General's office. I will pursue all criminal and civil claims against you and your company.

Let this letter also serve as your warning that I may utilize telephone recording devices in order to document any telephone conversations that we may have in the future.

Furthermore, if any negative information is placed on my credit bureau reports by your agency after receipt of this notice, this will cause me to file suit against you and your organization, both personally and corporately, to seek any and all legal remedies available to me by law.

Sincerely,
(Your Name)

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The Keys to Avoiding Credit Card Debt

2008-12-11T18:26:00.001-08:00

The Keys to Avoiding Credit Card Debt

Credit Card debt is something that can creep up on anyone. In an economy where consumers and businesses are often encouraged to borrow in order to pay their expenses, it's sometimes difficult to realize when a missed payment here & there, or a carried over balance can be leading to a serious debt problem. Here's 3 indicators that you may be getting into cc debt.

1.) You are unable to pay your balance every month.
In an ideal situation, only put as much on the credit card as you can afford to pay off. Attempt to pay off your credit card balance every month in order to avoid interest payments & building up a balance. Interest payments can be summed up as unnecessary cash being snatched out of your pocket & placed in a bank's "stash".

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2.) You find yourself missing payments
If you are unable to make the payment every month, even the minimum, try to cut back on your cc spending. Taking out a consolidation loan or asking your grandparents for help may be a humbling, but very helpful step.

3.) You are unaware of your credit card balance
This is by far the most damaging of the three. Always make sure you know how much you have left on your credit card and what the balance is. This way you can easily avoid overspending, fraud & going over your limit. Many credit card holders fail to follow this simple rule of having a credit card and end up making mistakes that could have very easily been avoided.

Kindest Regards,
Daniel

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Credit Tips & Tricks

How to Get Collect Agencies Off Your Back

The Keys to Avoiding Credit Card Debt