The Truth of Credit

Just like most things debt that has been charged off is “very” negotiable. In fact there is a whole industry dedicated to this. As a collector often times I get extremely frustrated with people that actually pay a fee to have their debts settled. Understanding that some people just don’t want to deal with it [...]

In 2005 Congress passed the “Bankruptcy Abuse Prevention and Consumer Protection Act”. In effect making it much harder to file and considerably tougher to avoid paying your debts. All day we hear debtors threatening bankruptcy and very often some have literally 2 or 3 accounts that are charge offs sometimes don’t total over $6,000 in [...]

With the ease at which people can get information these days the Better Business Bureau website must get thousands of hits a day. Obviously, collection agencies are a frequent search and with good matter. Most people have a story or two about debt collectors and their experience(s) with them. The stories on the BBB website [...]

Often times when I speak to a debtor and explain that we will go ahead and “process” the account. There is often confusion as to what the next step is. An “R-9 Charge-off” is one step away from a civil judgment. Most times I explain a charge-off in no so many words.
“Basically it is an [...]

I actually have to hand it to these people they at the very least share me passion to educate people on the collection process. However, this video while insightful is utterly ridiculous in nature. The best part about this whole charade as I tired to visit their website and it wouldn’t load. I’ll assume they [...]