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Collection Agency

Posted: admin on Sep 06 | Finance

Don’t spend money on services saying they will get creditors/collection agencies off your back! Here is FREE Information to HELP YOU fight back against nasty, rude collection agencies!

Are you on the verge of Chapter 7 bankruptcy? Have you been so late on your bills that collection agencies now call you at home, at work, and send you nasty letters on a daily or weekly basis?

Creditors and banks are not in the business of collecting bad debts. When your account is so many months behind, loan companies often sell off your account for so many cents on the dollar to collection agencies. Collection agencies are the ones who hound you at home and work and send you nasty, harassing, and threatening letters. Don’t settle for any of it! If a collection agency hounds you during dinner time and you tell them to cease contact with you, they won’t. However, if you know your legal rights as a consumer, you can send them a written copy of this letter custom tailored with your information, which will legally make them stop once and for all! What happens when they receive the letter? They have to stop calling you and writing you letters. After a while, this eventually gets back to your original creditor (i.e. bank, credit card company, etc. that you screwed them out of their money), and then your account is sold to a different collection agency. At that point, the new collection agency will start hounding you. In some cases, it may show up on your credit report as a different loan since you now owe this 2nd collection agency money. Now what do I do that the second collection agency is hounding me now since I got rid of the first one? Send them the same copy of this letter that you sent to the first! The second collection agency will have to stop hounding you and then it starts the whole vicious cycle all over again until the creditor is finally exhausted with you and they may eventually give up (depending on how much money you owe them.) In the mean time, DON’T SWEAT IT! Don’t get paranoid about people calling you. They will threaten to sue you, but they seldom do. Do you have any idea how much money and time it takes to sue somebody over? Especially over small amounts like $500 to $1,000. It’s more trouble than it’s worth. Why risk the investment of a law suit when the person they are after can just up and file Chapter 7 on them anyway.

DISCLAIMER: For your information, I am not an attorney. If you’re reading this letter, your credit could be as bad as mine is and right now, you may want to consider all of your options. I used this exact letter on over 20 different collection agencies over the past 5 years and it worked 100% of the time. I was just passing the info down on the super information highway for your enjoyment! Use this letter at your own risk (the only damage I can see is adding further collection agencies saying you owe more debt to your credit report.) But if you have 15-20 “R9″’s on your credit report now, what difference does it make it you add another one? Your credit is trashed and no matter what you do, short of either Chapter 7 or paying it all off in full, you still won’t be able to get any more loans from anybody anyway.

Okay, now for the letter. Here’s the sample. The parts marked with ([]) brackets need to be edited with your information.

[John Q. Public (your name and info in these blocks)]
[123 Maple Street]
[Anytown, FL 33012]

[ABC Collection Agency]
[1122 We Want Your Money Ave.]
[Miami, FL 33169-5131]

Acct No: [999013345900]

[August 11, 1998]

To Whom It May Concern:

You are hereby notified under provisions of public laws 95-109 and 99-361, also known as the Fair Debt Collection Practices Act, that your services are no longer desired. You and your organization are to CEASE & DESIST all attempts to collect this debt.

Upon my receipt of this notice, and as stated by this notice, “[ABC Collection Agency]” and “[John Q. Public]” shall have no further business with one another.

Ҥ805. Communication in connection with debt collection 15 USC 1692c

(c) Ceasing Communication. – If a consumer notifies a debt collector in writing that the consumer refuses to pay a debt or that the consumer wishes the debt collector to cease further communication with the consumer, the debt collector shall not communicate further with the consumer with respect to such debt, except -
(1) to advise the consumer that the debt collector’s further efforts are being terminated;
(2) to notify the consumer that the debt collector or creditor may invoke specified remedies which are ordinarily invoked by such debt collector or creditor; or
(3) where applicable, to notify the consumer that the debt collector or creditor intends to invoke a specified remedy. ”

Sincerely,

[John Q. Public]

Debt Collectors and Judgments – A MUST READ.

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