5 Facts About Debt Collections
Debt Collectors Wished You Didn’t Know

Debt Collection Is a Terrible Way To Try And Earn a Living
Dealing with debt collectors ranks up there with being one of life's most stressful experiences. Amazingly, most Americans have no idea, that even though they may owe money, they still have rights. Debt collectors use that lack of knowledge to trample all over consumers every day. But the tide is changing as more and more citizens are standing up and fighting for their rights! In this session, we’re going to cover five facts about debt collections; debt collectors wished you didn’t know.

What is a Debt Collector?
Debt collectors are third party companies that collect debts on behalf of credit card companies, banks, hospitals and other businesses. When a creditor decides their chances of collecting a debt are pretty slim, they oftentimes turn the debt over to a debt collection agency for recovery. Here’s how the process typically works: A debt collection company purchases debts from the original creditor, usually for pennies on the dollar. The debt collector then attempts to recover all or a portion of the original debt.

The issue is not the fact that debt collectors are attempting to collect debts. The issue is the manner in which they go about it. Even in light of the fact that we have laws in place to protect consumers, numerous debt collection companies still resort to illegal practices. That includes but is not limited to: harassment, coercion tactics, verbal abuse, threats of violence and illegally accessing/freezing debtor’s bank accounts. If you or someone you know has been contacted by a debt collector, these five facts are crucial to how they will deal with you and how you will deal with them. Learn them and pass them on…

Fact #1 About Debt Collectors
More people complain to the (FTC) Federal Trade Commission about debt collectors than about any other industry. The complaints are so many that some attorneys are making a great living specialize in suing rogue debt collectors. Apparently, it goes without saying that debt collectors don't always follow the (FDCPA) Fair Debt Collection Practices Act. Get a hold of this, in 2007, the (FTC) received more than 70,000 complaints against debt collectors.

Fact #2 About Debt Collectors
Just because you may owe money to a creditor, as a consumer, you still have rights under the (FDCPA) Fair Debt Collection Practices Act and state laws. Prior to the FDCPA, debt collectors operated without impunity. Meaning they would call you all hours of the day and night, use abusive language, threaten you and use other demeaning tactics that forced some debtors into mental and emotional breakdowns.

Fact #3 About Debt Collectors
Almost all debt collectors hope you know nothing about your rights under the FDCPA or those afforded to you by your state. Your lack of knowledge puts them at a decided advantage. That’s why it’s critically important, if a debt collector ever contacts you, stop everything you’re doing and immediately learn your rights under the (FDCPA) Fair Debt Collection Practices Act. Also, contact your state to find out what laws they have in place to protect consumers from unethical debt collection practices. Listen in on this debt collection call from [SCRIPT_ion>Americ]

Fact #4 About Debt Collectors
When a debt collector violates your rights, FIGHT BACK! Even though you may owe the debt, never allow any debt collector to push you around. Inform them, that when they deal with you, they will do so according to the (FDCPA) Fair Debt Collection Practices Act and your state laws. By taking this stance, you put them on notice that your Federal and State protected rights WILL NOT be violated.

Fact #5 About Debt Collectors
No matter how powerful they appear, no debt collection company wants to appear on the radar of the FTC Federal Trade Commission or be red flagged by any state Attorney General. Chances are, when that happens, an investigation has already ensued and the authorities are about to drop the cease and desist bomb. If any debt collection company has violated your rights, don’t even think about it, SUE THEM!

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.

For more information on this topic or any other issue related to getting out of debt, living debt free, debt management, debt relief, the Fair Debt Collection Practices Act and stopping debt collectors in their tracks, please visit www.DebtErasure.com

Source: http://debterasure.com/

Main

Debt Options

Debt Advice

◦	Debt Settlement Advice Helps You Avoid Bankruptcy
◦	Debt Consolidation Advice May Be Your Best Debt Solution Option

Debt Counseling

◦	Debt Counseling 101 – Look Before You Leap
◦	A Word of Warning About Debt Counseling
◦	Q and A's About Debt Counseling Companies
◦	Debt Counseling by Consumer Credit Counseling Service
◦	Find Debt Help Through Consumer Credit Counseling
◦	Become a Certified Consumer Credit Counselor
◦	Why Are So Many Illegitimate Debt Counseling Companies Popping Up
◦	Why Are So Many Illegitimate Debt Counseling Companies Popping Up (Part 2)

Debt Elimination

◦	Debt Elimination – Perform Your Own Debt Elimination And Save Thousands
◦	What Every Consumer Should Know About Debt Elimination
◦	Debt Elimination Companies Make Great Claims But Can They Deliver?
◦	Oh No! Look Who’s Not Happy About Debt Elimination
◦	Oh No! Look Who’s Not Happy About Debt Elimination (Part 2)
◦	Debt Elimination Swindlers Caught Red Handed
◦	Debt Elimination Creators Target People Drowning In Debt

Debt Negotiation

Debt Reduction

◦	Debt Reduction – How To Determine Which Debt Reduction Option Is Best for You

Debt Consolidation

◦	Debt Consolidation Loans – You Can Get Approved Even With Bad Credit And Here’s How
◦	Online Debt Consolidation – Get Debt Free In The Comfort of Your Home With Online Debt Consolidation
◦	Consolidate Debt On Your Own and Save a Fortune
◦	Debt Consolidation Non Profit Organizations Should Be Checked Out Thoroughly

Debt Management

◦	How To Choose a Debt Management Company and Not Get Burned In The Process
◦	How To Choose a Debt Management Company and Not Get Burned In The Process (Part 2)

Debt Settlement

◦	FTC Hosts Workshop To Examine Debt Settlement Industry
◦	Debt Settlement Has One Major Flaw (Don’t Find Out About It The Hard Way)
◦	Debt Settlement Coaching - Settle Your Own Debts and Save Thousands
◦	Choosing a Debt Settlement Company That Will Treat You Like Royalty

Debt Termination

◦	Sunshine State Sues Debt Termination Company
◦	Can The Debt Termination Program by the Federal Debt Relief System Help Me Get Out of Debt

Debt Relief

Christian Debt Relief

◦	Christian Credit Counselors – Can Christian Credit Counselors Pave The Way For a Financial Miracle?
◦	Christian Debt Counseling – Can Provide a Lasting Solution To Your Debt Problem
◦	Christian Credit Counseling – Receive Get Out of Debt Help From People Who Genuinely Care
◦	Is Christian Debt Consolidation The Best Choice For Your Debt Consolidation Needs?
◦	Christian Debt Reduction - A More Compassionate Approach To Solving An Out of Control Debt Problem
◦	Christian Debt Negotiation - Why File Bankruptcy When Christian Debt Negotiation Nets Better Results

Tax Debt Relief

◦	Tax Debt Relief – When Facing IRS Debt Collections You Won’t Get Tax Debt Relief Until You Do This
◦	Stop IRS Debt Collections With Tax Debt Relief

Debt Problem?

◦	8 Signs That You Have a Debt Problem (Part 1)
◦	8 Signs That You Have a Debt Problem (Part 2)
◦	How To Deal With Your Debt Problem
◦	Attitude Adjustment is the Key To Solving Your Debt Problem (Part 1)
◦	Attitude Adjustment is the Key To Solving Your Debt Problem (Part 2)
◦	Where To Get Debt Problem Help
◦	Debt Solution 101 - How To Fix Your Debt Problem

Credit Counseling

◦	Credit Counseling – You’ve Been Warned Not To Go To This Type of Credit Counseling Agency
◦	Credit Counseling – How Can I Tell If a Credit Counseling Agency Is Overcharging
◦	Credit Counseling – How To Choose a Credit Counseling Agency And Not Get Burned In The Process (Part 1)
◦	Credit Counseling – I‘ve Heard That Credit Counseling Can Negatively Affect My Credit Score, Can It?
◦	Non Profit Consumer Credit Counseling – Your Path To Getting Out of Debt Starts Here!
◦	Family Credit Counseling – 9 Warning Signs To Help You Spot a Credit Counseling Rip Off
◦	Family Credit Counseling – 9 Warning Signs To Help You Spot a Credit Counseling Rip Off (Part 2)

Credit Card Debt

◦	The Credit Card Debt Sham Americans Didn’t See Coming
◦	Will a Settle Credit Card Debt Plan Negatively Impact My Credit?
◦	Credit Card Debt – Learn To Attack Credit Card Debt Before It Starts Attacking You
◦	Credit Card Debt and Rate Jacking: (How Your Rate Can Go From 6.9 Percent To 17.99 In 10 Seconds Flat)
◦	The Credit Card Debt Trap (Sneaky Little Tricks Credit Card Companies Use To Keep Increasing Your Debt) Part 1
◦	The Credit Card Debt Trap (Sneaky Tricks Credit Card Companies Use To Keep Increasing Your Debt) Part 2
◦	Shocking Credit Card Debt Alert – Credit Card Companies Arbitrarily Slashing Credit Limits
◦	Feds Say No to Credit Card Debt Relief
◦	Credit Card Debt Frequently Asked Questions
◦	How To Get The Best Credit Card Consolidation Deal
◦	Is Credit Card Consolidation The Answer
◦	Credit Card Consolidation May Soon Disappear
◦	10 Signs That You Are Headed Into Credit Card Debt Danger
◦	Lies, Lies, Lies… How They Trick You Into Amassing Credit Card Debt (Part 1)
◦	Lies, Lies, Lies… How They Trick You Into Amassing Credit Card Debt (Part 2)
◦	Consolidating Credit Card Debt Is Easy When You Know This Secret

Student Loan Debt

◦	Get Out of Debt With Student Loan Forgiveness Programs

Debt Collection Statute of Limitations

◦	How The Debt Collection Statute of Limitations Can Help You (Part 2)
◦	Debt Collection Statute of Limitations Halts Debt Collectors In Their Tracks
◦	Debt Statute of Limitations - What You Should Know About Debt Statute of Limitations and Back Taxes
◦	Debt Statute of Limitations - What You Should Know About Debt Statute of Limitations on Student Loans
◦	Debt Statute of Limitations – What Bill Collectors Don’t Want You To Know About DSOL

Debt Collection 101

◦	5 Facts About Debt Collections Debt Collectors Wished You Didn’t Know
◦	Debt Collectors Place Blame of Harassing Consumers On Creditors
◦	The Rantings of Debt Collectors and Debt Collection Agents
◦	Debt Collectors Wanted, Start Immediately, No Exp Necessary, We Train, Make $100k Your First Year!
◦	Stop Harassment by NCO Financial Systems
◦	Cease and Desist Notice – How Does a Cease and Desist Notice Stop Debt Collectors From Calling
◦	Cease and Desist Notice – Sample Cease and Desist Notice Based on The FDCPA
◦	Debt Collection 101 - Debt Collectors Have No Right To Harass You
◦	Can Bill Collectors Garnish Wages And Get Away With It And What Steps Can I Take To Prevent This

Bill Collectors

◦	Take These Five Steps To Instantly Make Bill Collectors Stop Calling
◦	The Easiest Way to Stop Bill Collectors Calls Is Hidden In This Little Known Federal Law
◦	To Make Bill Collectors Stop Calling You Must Understand The Nature of Debt Collection
◦	To Make Bill Collectors Stop Calling You Must Understand Who’s Calling You
◦	To Make Bill Collectors Stop Calling You Must Understand Their Primary Tools

Get Out of Debt Help

◦	Excellent Get Out of Debt Help (Part 2)
◦	How To Get Out of Debt – Forming Your How To Get Out of Debt Plan Is Pretty Easy
◦	How To Get Out of Debt – Getting Out of Debt Starts and Ends With This Simple Little Secret
◦	What is The National Association of Certified Credit Counselors (NACCC)
◦	American Association of Debt Management Organizations (AAMDO)
◦	Horrible Get Out of Debt Advice Lands Family In Hot Water (Part 1)
◦	Horrible Get Out of Debt Advice Lands Family In Hot Water (Part 2)
◦	Horrible Get Out of Debt Advice Lands Family In Hot Water (Part 3)
◦	Get Out of Debt – Americans Are Coming Up With Unique Ways To Wipe Out Credit Card Debt

Being Sued For Debt

◦	What To Do When You Are Being Sued For Medical Debt
◦	Being Sued For Debt (How to Beat Debt Collection Lawyers at Their Own Game)

Money Managment

◦	Quit Smoking and Get Out of Debt Much Faster
◦	Debt Reduction Tips
◦	Eliminate Credit Card Debt Tips
◦	Get Out of Debt Financial Fitness Test
◦	Credit Score
◦	Free Credit Report
◦	Free Credit Reports – Don’t Get Taken By These Free Credit Report Hoaxes
◦	Make Online Money
◦	Get Out of Debt With Debt Software
◦	Free Debt Software – Don’t Download Free Get Out of Debt Software Until You Get The Facts

Fair Debt Collection Practices Act

◦	Fair Debt Collection Practices Act - 801
◦	Fair Debt Collection Practices Act - 802
◦	Fair Debt Collection Practices Act - 803
◦	Fair Debt Collection Practices Act - 804
◦	Fair Debt Collection Practices Act - 805
◦	Fair Debt Collection Practices Act - 806
◦	Fair Debt Collection Practices Act - 807
◦	Fair Debt Collection Practices Act - 808
◦	Fair Debt Collection Practices Act - 809
◦	Fair Debt Collection Practices Act - 810
◦	Fair Debt Collection Practices Act - 811
◦	Fair Debt Collection Practices Act - 812
◦	Fair Debt Collection Practices Act - 813
◦	Fair Debt Collection Practices Act - 814
◦	Fair Debt Collection Practices Act - 815
◦	Fair Debt Collection Practices Act - 816
◦	Fair Debt Collection Practices Act - 817
◦	Fair Debt Collection Practices Act - 818

Debt Glossary

Site Map

DebtErasure Blog

American Association of Debt Management Organizations | Dave Ramsey
Get Out of Debt Help | Free Credit Report

DebtErasure.com is the leading online information portal dedicated to helping individuals and families find the resources they need to address the debt problem we are facing. We are your trusted resource on debt management, debt settlement, debt advice, debt counseling and anything related to debt. We will help you avoid common debt traps people find themselves struggling in everyday. Whatever your situation, don’t fret; we’re here to simplify the process by providing unbiased information on virtually every type of debt plan available. You provide the will and we'll help make the way.

The information provided on or through this site is for purposes of general consumer education only and is not intended as a substitute for advice from a qualified professional, such as, but not limited to, an attorney, accountant, investment advisor, IRS agent, insurance broker, or financial planner. We cannot and do not guarantee the accuracy or the applicability of this information to your circumstances. We encourage you to seek personalized advice from qualified competent professionals regarding all personal finance and debt related issues.

Copyright © DebtErasure.com, 1996-2010 All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed
Privacy Statement and Legal Notice
Powered by DebtErasure.com
Graphics by Graphics Design Gurus

5 Facts About Debt Collections Debt Collectors Wished You Didn’t Know

5 Facts About Debt Collections
Debt Collectors Wished You Didn’t Know