OgreMkV
Posts: 3668
Joined: Oct. 2009
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| Quote (stevestory @ Dec. 02 2014,14:53) | | Quote (OgreMkV @ Dec. 02 2014,14:07) | | Quote (stevestory @ Dec. 02 2014,12:08) | | debt collectors pay pennies on the dollar for your debts, then call and mail and harrass you into giving them way more money than they paid, if possible. It should be called Debt Profiteering. |
It's pretty trivial to get out of it, if you know the rules.
With an unscrupulous debt collector, it's possible to actually make money from debt collectors. |
lemme guess--you run up a $10,000 bill, default, get a collector to buy it for $1k, and you give him $2k? |
Naw, you send them a letter that says not to contact you except by mail, then you take them to small claims court every time they call you. Since they are breaking the Fair Debt Collections practice law, it's $1000 every time they call you (minus court costs).
For credit cards, you never have to actually pay (though it does hurt you credit score). One of the requirements of the Fair debt Collection law is that they have to produce the original agreement. Since they just by lists of names and amounts owed, they don't have that. Since they can't provide that information, you never have to pay them.
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Ignored by those who can't provide evidence for their claims.
http://skepticink.com/smilodo....retreat
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