The request for validation of debt is formally made through the debt validation letter that the consumer will write. The letter must explicitly state the dispute, the queries and the demands you have against the collection agency. In writing this letter, take note of the collection agency’s account number, creditor account number, creditor’s name, etc. […]
You received a collection notice from a bill collection agency saying that you have a credit due amounting to US $– from “so and so”. Your brain goes haywire trying to remember that money you owed and from whom. You also feel doubtful of the authenticity of the notice and the bill collection agency, so […]
Activities involving money is always a sensitive matter. You have to be very careful with your actions and communications especially if you are the debtor. Debtors are figuratively and literally at the mercy of creditors. Thus it is important that every decision should be well-thought of; every action deliberate. You should also be familiar with […]
The main objective of credit and collection agencies is to outsmart and outwit you. Though we know that money owed, should definitely be money paid; but these cunning individuals will do whatever thing possible to get their money and well, things more. Some would never even think twice wringing your neck to get the last […]
Disease primarily spells the current situation in your life today. It is either one of your beloved family members has an ailment, or you caught a somewhat fatal disease. Health is wealth so they say, but it seems that your wealth is already running out. The family saving is now depleted due to the expenses […]
Lawyers are bunch of individuals we love to hate. They are cunning, smart and the ones we approach in times of trouble. In the practice of bill collection, I think no one is as well-versed with its issues as attorneys. They know the twist and turns, the techniques and strategies in bill collection. The knowledge […]
According to ancient Voodoo belief, corpses sometimes rise from the dead to haunt the living especially those who owes or have done something awful to them. These nightmarish creatures are known as zombies. There are zombies among us; these are the zombie debts that seem to rise from the dead.
Previously:
On a dark Friday evening, a customer received a mysterious call from an alleged collection agency reminding her to pay a debt she could barely remember.
Now:
The situation that happened to our imaginary customer/debtor is not something new. As a matter of fact, the debt-buying industry is flourishing because of the hundreds and even […]
If you think that bill collectors are engaged in abusive behaviors, harassment and illegal activities, it would be better to act immediately. Here are some of the things you can do during such instances.
Tell them to Stop.
Stop the threats, annoying phone calls at inappropriate hours of the day, and abusive […]
A lot of people list pesky bill collectors on their list of “Most Annoying People”. They are up there together with salespeople and politicians. Who wouldn’t be irritated by bill collectors consistently calling you? It’s bad enough that you are stressed over your debts, much less have an annoying stranger reminding and even threatening you […]