Debt collectors calling: Understand when and when a debt collector cannot call you The Minneapolis collection agency repeatedly called Lisa and her husband, Michael, according to a lawsuit filed by the Minnesota attorney general, and demanded that the couple pay a debt owed by one Lisa Sterns. The couple, just as repeatedly, told the collector they didn't know any Lisa Sterns and asked the company to stop calling.Allied ignored the...more
Debt Settlement Consumer Protection Act - Don't Pay a Dime Until Your Debts Settle At the end of the year 2009, people were finding debts a nasty fence in the way of economic development. To get free from these debts, people started taking services of settling companies. But people hesitated in taking the services of the settlement companies because many scam businesses were present in the markets who were charging huge upfront...more
Collectors usually have goals that they are expected to meet. Sometimes these include success rate goals or average calls per hour. Because most collectors work for commission, they may depend on a certain level of success to meet their own needs.Sometimes bill collectors work evenings and weekends, other collectors may work for part time, but the majority works forty hours per week. Generally the work schedules are pretty flexible.It is generally required that debt collectors have at least a high school diploma but collection agents with customer service experience or college education are preferable. After they are hired, collection agents will get on the job training. Some formal classroom training might be needed, like training in specific computer software. They will probably be trained in negotiation techniques and telephone techniques.They will also have to learn the laws of the state and the details of the Fair Debt Collection Practices Act. Debt collectors should clearly have pretty good communication skills, and people skills, because they must talk to people every day, some of them are in financial situations, many of them very stressful. They should also have the...more
Debt collectors, or account and bill collectors' purpose in life is to attempt to collect payment on bills that are delinquent. Many debt collectors work for third party collection companies. The creditor, or the company or business that is owed the money, will often hire outside of the business; this is especially if their accounts receivable...more
Consolidate Debt: The True Purpose Consolidating your debt can be easy since generally, credit card companies are more than willing to help you out every step of the way. However, consolidating your debt isn't just about putting all of your debt onto one credit card for easy management, it is also about trying to get the lowest interest rate...more
Consolidate-Debt: Why It Is Important Consolidating debt means to consolidate it (put it) all in one place. Debt consolidation is important for being able to manage your debt because it makes debt management a lot easier when your debt is in one place. Even though debt consolidation makes managing your debt a lot easier, however, that is not the most important reason to consolidate your debt. The main purpose for consolidating your debt is to help you become debt free by enabling you to get a lower interest rate. With debt consolidation, credit card companies are often times more willing to give you a lower interest rate on your debt because the interest rate will cover more money. Credit card companies will generally help you every step of the way to consolidate your debt, but they may not act according to your best interest. It is in the best interest of the credit card companies that you are able to pay back the money to them, so they will want to enable you to pay off the money. They may not want to give you the best deal possible, however. That is when debt consolidation companies can help you out. They can negotiate with the credit card companies to try and get you...more
Debt-Consolidation: Getting Out Of Debt Debt consolidation is important if you want to get out of debt. Not only does debt consolidation make it much easier to manage your debt with it all in one place (on one credit card), but it is very...more
Debt as a positive word officially defined as the amount owed to a person or organization for funds on loan. It is a representation of a loan note, mortgage or other form compelling the repayment terms and, if appropriate, interest requirements as...more
Debt settlement companies have indeed done a great job in helping people with their debts. They have played the role of as an interface, bringing the customers and the creditors to a common platform, to solve their differences. However, you should...more
What Does A Debt Counselling Agency Do? Should I use a debt counselling agency to settle my outstanding debts? Debt counselling has helped many people get out of debt; however is it the best solution for you? Here is some basic information to...more
Does Debt Settlement Work? How Long Does It Take To Be Debt Free? Debt settlement programs work for a large majority of debt ridden consumers.It typically takes no longer than three years to be completely free of any unsecured financial...more
Understanding The Debt Settlement Process - Don't Be A Slave To Debt Understanding the debt settlement process is an uncomplicated approach to accomplishing financial relief.Too many consumers are struggling with a large amount of...more