To Make Bill
Collectors Stop Calling You Must
Understand The Nature of Debt
Collection
The question was asked, “Can I make bill collectors stop
calling for good? The answer lies in understanding the nature
of the debt collection GAME! Once you understand this, you’ll
be able to stop the stressful calls and put an end to those
dreadful dunning collection letters and be on your way to
getting out of debt for good…
Learn The Nature if Debt Collection And You Will
Make Bill Collectors Stop Calling
To make bill collectors stop calling you must understand the
nature of debt collection. If you fail to grasp this vital
piece of knowledge, bill collectors may very well make your
life a living nightmare! They will have no compunction about
turning you into a nervous wreck with their harassing phone
calls and threatening collection letters. To make bill
collectors stop calling, you’ll need to clearly understand the
nature of the cat and mouse debt game.
How The Debt Collection System
Works...
Here’s how the system works. Once a debt
collection company acquires a delinquent account they start the
phone calls. If the phone number on file is a good number, but
no one answers, they’ll keep calling. Some agencies use
predictive dialers or some other automatic phone software that
does nothing but dials numbers all day long. They can program
the system to dial your number however many times they choose.
I’ve confirmed some agencies dial up delinquent accounts up to
nineteen times a day!
When Debt Collectors Fail To
Collect
Between the letters and the phone calls, if
they fail to collect the debt, most agencies sell or transfer
the debt to another debt collection agency and the new agency
starts the process all over again. That’s why a person can see
two or more different collections agencies reporting negatively
on the same single account.
It is the nature of collection agencies to avoid sending
delinquent accounts back to the actual creditor because it
sends the message that they aren’t that successful at
collecting.
Make Bill Collectors Stop Calling CONSUMER
ALERT: every debt collection company has their cut off
point. After they’ve made “X” amount of calls and sent out “X”
amount of letters with no response, they’ve got to decide
whether to:
(a) Send the debt back to the original creditor, which as
you already know they are not going to do
(b). Sell it or transfer it to another collection agency
(c) Do nothing
(d). Sue the debtor and seek a judgment
The final option is what frightens most people and NO ONE
can make bill collectors stop calling when they are frightened.
The threat of losing wages through a garnishment has pushed
many people over the edge.
But in actuality, you don’t have much to fear because its just
not good business sense for debt collections companies to sue.
All debt collection agencies work on a commission bases,
meaning, if they aren’t successful in collecting debts THEY
DON’T GET PAID!
The phone calls and letters are less expensive than going to
court. To make debt collectors stop calling, keep that point in
mind. No debt collection agency could stay in business filing
suits against consumers and not collecting and the chances of
collecting on judgments are not that great.
What Could Happen If A Debt Collection Agency
Sues?
Here are some common responses to lawsuits from debt collection
agencies:
- The debtor comes up with an attorney to handle their
case. Incidentally, that’s a super fast way to make bill
collectors stop calling. When that happens the debt
collection company is forced to pay attorney’s fees and
they still might lose the case.
- The debtor comes to court thoroughly prepared to
represent themselves Pro Se. This is every debt collection
agency’s worst nightmare. When a consumer comes to court
prepped and ready to go and they know how to use the Fair
Debt Collection Practices Act, the Fair Credit Reporting
Act and State Law, once again, the collection agency could
easily run up an attorney’s bill of thousands of dollars
and still might not collect a dime! I guarantee that will
make bill collectors stop calling!
- They receive a backlash against consumers and consumer
advocates. Once the backlash happens, that company and
their tactics will come under some pretty intense scrutiny.
Scrutiny no debt collection agency wants.
REMEMBER: it is the nature of debt collectors to focus their
energy on inciting fear and intimidation, since those tools
have proven to work more cheaper and quicker than suing
debtors.
Joel Marks has been helping people get out
of debt and avoid both bankruptcy and foreclosure for over
fifteen years. Utilizing savvy debt counseling, debt management
programs, Federal laws and a team of attorneys, debt counselors
and advisors, he has quietly assisted thousands come from under
the heavy burden debt.
Source: http://debterasure.com/
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