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Can You Really Stop Debt Collectors?
By :
Will Mason
Wondering if it is possible to
stop debt collectors from calling?
Are you tired of never ending phone calls from debt collectors that are rude, insulting, aggressive, intimidating, obnoxious, and just plain unacceptable? Ever wondered who gave them the right to hassle you incessantly and try to pressure or scare you into making payments you can't begin to handle?
Well, the answer is, NO ONE gave them that right, and you DON'T have to put up with it any longer! You can
stop debt collector phone calls,
and prevent them from interrupting you constantly at home and at work.
Bill collection agencies have to abide by legal restrictions when they collect anything from you. They cannot threaten to sue you, or to have you arrested, or make any other ridiculous threats. If they do, you can use that to beat them at their own game.
Debt collector abuse has been growing in the U.S.. Recently, the Attorney General of New York had one well known debt collector prosecuted and incarcerated, and the whole story was featured on prime time news. Some of these thugs actually threaten physical aggression, or pretend to be police officers and federal agents! This is totally and completely against the law and if they try that on you, you can use it to your advantage.
Obviously, their only motivation is money. Debt collection agencies buy charged off debts at pennies on the dollar. So, they could buy a $5,000 debt that you owe to a credit card company for say, $250 (just an example.) This means that if they successfully convince you to pay them the full balance owed (to the original creditor) they see a profit of $4750! (This example contains a big hint as to why and how you can settle your collection accounts for much less than what you actually owed.)
Collection agencies regularly sling insults at you, your character, your integrity, and yet many of them are nothing more than greedy thugs that simply buy the "right" to try and collect a debt from you. But that right is extremely limited, and frankly, your rights as a consumer give you WAY MORE POWER than they have!
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