The Truth of Credit

When struggling financially there is a lot of emotion that can get in the way of clear thinking. You are constantly spinning “what if?” questions in your mind and wondering if there is enough money to cover the check you just wrote. Then you get a call from your friendly (mostly commonly unfriendly) debt collector [...]

Are you scared to negotiate on your debts?One thing that I have learned during my time as a debt collector is that someone who knows the process can totally manipulate the situation. When it comes to credit card settlements you are in the “power position” when negotiating mainly because you are the one with the [...]

There is no law preventing a debt collection agency from requesting a post-dated check, however, a debt collection agency is prohibited from demanding you send a post-dated check in order to prevent criminal prosecution. So the big question that most people have is whether a debt collector can cash a post-dated check sooner than agreed? [...]

There is no doubt in these tough economic times that the collection industry will use all the technology at their disposal to help churn out the dollars. Everything from automated messages to computerized dialing they will start to “bring it” early and often. For the consumer this is nothing new, but the frequency is going [...]

One of the most frustrating parts of my job is the amount of lies that I’m told on a daily basis. While popular opinion is the debt collectors lie and break the law to get paid, if you only knew the caliber of some of the people on the other end of the phone you would [...]