| |
| |
|
WebsiteAlways |
|
Debt Collectors: Men or Mice?
Who are these people anyway? They viciously harass you and call you bad names. They embarrass you beyond belief by leaving detailed messages with your neighbors and at your workplace. In extreme cases, they have been known to stalk you! Debt collection agencies are hired by your creditors to do their dirty work. If they get you to pay, the debt collector usually gets a percentage of what you owe, plus added fees. Some debt collection agencies buy your debt from the creditor for a low fee and attempt to collect double and sometimes triple what you owe on your original debt by attaching high penalties, interest and other processing fees. Basically, debt collectors make a living trying to scare and intimidate you into paying your bills. They don't care that your finances are in limbo because you have recently divorced or that your employer informed you in the eleventh hour that you were being laid-off. All debt collectors care about is that they will get a slice of the pie-if you pay. Debt collectors convince themselves that you are a deadbeat, sitting on a stack of cash and refusing to pay. By painting a negative mental picture of you in their mind, they feel justified harassing you into paying a delinquent bill. Most debt collectors are just downright mean, nasty, heartless individuals who make a living scaring "the pants off" of people who are simply broke and trying to survive. One lady reported that after she vehemently tried to explain to an unrelenting debt collector that she was recently divorced, underemployed and didn't have the money to pay the $12,000 credit card bill her ex-husband left her, the debt collector replied, "Look, fat lady, it's obvious that you could stand to skip a few meals. Just send me your food bill for one week to wipe out this debt!" The lady was horrified-not so much by his remarks because she was accustomed to the debt collector being rude to her on the phone-but by his comment regarding her size. How did he know she was overweight? Had he been stalking her? Debt collectors use many tactics to research you, especially if you owe a large debt. Remember, their livelihood depends on how many people they can get to pay overdue bills-the bigger the debt, the bigger their payoff. Despite what debt collectors believe, most people are not faced with buying a ticket to Tahiti versus paying their credit card bill. People who are broke find themselves faced with real-life problems like putting food on the table versus paying a credit card bill! Keep in mind that debt collectors are no different than you are. As the saying goes, "they put their pants on one leg at a time." They cannot physically harm you and the mental abuse they throw at you can be easily avoided (visit www.brokemansurvivalguide.com) A.M. Harris is he author of The Broke Man's Survival Guide: 50 Clever Strategies to Use When You Are Unemployed, Underpaid or Just Dead Broke and Can't Pay Your Bills. Visit http://www.brokemansurvivalguide.com for more information.
MORE RESOURCES:
Group advocates tax increases and non-user fees for sewer debt relief - The Birmingham News - al.com
Debt-Relief - Google News |
|
|
|
RELATED ARTICLES
5 Methods Toward Reducing Your Debt Decreasing your debt is paramount to having a good credit rating as well as giving you peace of mind. You want to get out of debt, but not all debt reduction options may be beneficial. Debt Elimination 2 The First Step To Debt EliminationRegardless of your personal and financial circumstances, your education and your background, the chances are the first step you need to take in debt elimination has to take place in your mind. The Western mindset, especially in the US and UK, is firmly fixed on consumer debt. Debt Help and Advice for the UK At some time or another during our lives most of us will overspend and get into debt. Sometimes we can get our finances back on an even keel by cutting down on a few luxuries. Personal Bankruptcy - If Its Unavoidable, File Now The Bankruptcy Abuse and Consumer Protection Act, signed into law by President Bush last April, promises changes to Federal bankruptcy law that have been long sought by the lending industry. The bill promises sweeping changes to Federal law, and will make it much harder for the average consumer in financial trouble to have their debts wiped out by filing for bankruptcy. Out of Credit Card Debt - Without Filing Bankruptcy To be out of credit card debt is your dream and you're tired of the redundant advice to live within your means. Look no further. Debt We all know about debt. If you don't have too much as an individual you can increase the quality of your life, but with more than you can handle it can make your life a nightmare. Dealing with Thingitis Debt is quickly becoming an epidemic in America. However, through the past 50 years, America has not seen such large domestic growth. Is Independence Overrated? Happy Independence Day from The Money Motivator!If you don't celebrate "The 4th of July" like we do in the United States, today still presents you with an awesome opportunity to examine your independence.Independence means the quality or state of being dependent. Life After Bankruptcy Bankruptcy and Credit - What Happens After Your Debts Are Discharged?Bankruptcy will remain on your credit report for ten years. But you may be able to get credit fairly quickly - almost immediately after a bankruptcy - although you will pay dearly for it. Personal Bankruptcy: Last Option To Legally Stop Bill Collectors Do you have stacks of unpaid bills?Are you in debt?Are bill collectors hounding you?Are you frustrated and annoyed and wish to get them off your back?If you answer yes, then pay close attention.Filing for a personal bankruptcy may be the last option for you. Fast Track Out of Debt You go to the mail box and scan - a couple fliers (nah), your magazine subscription (yes!) and bills (groan). Every month the bills show up and as you sigh and take out your check book you wonder if you will ever be free. How to Negotiate Debt Settlement People over extend themselves financially as a result of a change in their lifestyle. In today's economy were company mergers, and such; creates a displacement and hardship to the major of the workforce. Credit Counseling or Bankruptcy: Which is Best for You? People often get to a place where they simply can't pay their bills, especially in today's economy which is not particularly sympathetic toward the poor or even the middle class. Inflation has impacted nearly every facet of daily life including food, gas, rent, clothes, utility bills and more. Eliminate Your Credit Card Debt, But How? Can a debt consolidation loan eliminate your credit card debt? A consolidation loan might (or might not) be the key. There are several things you must consider when making the choice to consolidate debt using a debt consolidation loan. Are You SURE Your A Bad Debt? Many people who seek the advice and guidance of debt counsellors are driven to them in the first place by fear and ignorance - two powerful emotions which often mask the real scale of the problems.In many cases, what you made have been led to believe is a 'bad' level of debt, may instead need only some careful reorganisation and a new set of mortgage priorities. Debt Elimination If you're reading this article right now I'm sure that you are looking for a debt elimination system that will help you get out from under you personal mountain of debt. Hopefully you're not looking for the magic pill that will suddenly dissolve your debt problem. What Is A Chapter 13 Bankruptcy? Many consumers that are bogged down in debt frequently turn to bankruptcy as a form of restoring their financial status back to a zero balance. Unfortunately many of these same consumers are confused when it comes to the difference between a Chapter 13 bankruptcy and a Chapter 7 bankruptcy. Credit Card Debt: How to Get Rid of It This method is simple, but requires some discipline.First, you have to stop any new spending on your cards. The Effects of Consumer Debt Consumer Borrowing Consumer borrowing in the UK has now crashed through the £1 trillion barrier. 80% of this is due to credit card borrowing, loans and mortgages. Home Equity - Foreclosure Often Not Necessary in Current Market While driving around your community, you may have seen signs posted on telephone poles that offer "foreclosure help." These seemingly generous offers to help financially troubled homeowners who are in danger of losing their homes to foreclosure are actually scams.
|
| Interesting articles | Home | site map | Link |
| © 2006 |
