Dealing with debt collectors

One of the things that seems to plague us in the USA is the problem with debt and the organizations that attempt to collect it.

We have learned many ways to deal with these types of situations and we would like to share some strategies to eliminate these types of problems. Of course, this in no way is to be considered legal advice. This is purely for entertainment. You should always consult a bar licensed attorney for legal advice.

First off, sometimes terrible things happen in our lives which lead us to become a slave of debt. Some of these include:
Mortgages, Car loans, Credit cards., etc.

Unfortunately, we can't avoid participating in this scenario for various reasons. If you have no problem paying your bills and have the ability to save consistently, then none of these topics really might not matter to you. However, if you have done all that you can do to keep yourself afloat, living from paycheck to paycheck and still are being threatened and harassed by unscrupulous debt collecting attorneys and their brood, then read on.

One topic I want to stress in this post is what is our remedy? Well, Congress has an answer for us, in the form of various consumer protection statutes. The main one that I want to discuss is the FDCPA. That stands for the Fair Debt Collections Practices Act.

I suggest that you download a free copy of this Act by just typing it into google and become familiar with the language and terminology. Why? Because we will show you how to put a stop to the harassment and possibly gain you some money in your pocket to which you could buy some more cryptocurrency.

If you ever find yourself receiving a phone call one day from one of these debt collectors, take heed of the date. Why? Because according to 15 U.S.C. 1692g, they are required to send you by mail a letter which lays out everything they spoke to you on the phone about. They are required to send this to you 5 days after the initial phone call.

This is one of the first mistakes debt collectors make in that they never send you anything in the mail after that initial phone call and most people never realize this. Of course they will send you letters in the mail eventually, but rarely have we seen it done according to what the FDCPA requires them to do.

We encourage you to type into google 15 U.S.C. 1692g and read for yourself what it says. That one violation will cost the debt collector $1,000 and that is typically more than the alleged debt is worth to them.

We will go into more detail in future posts, so stay tuned.