The Perks Of Being A Bill Collector
Welcome back to debt collection 101, your beginner's guide to debt collection. In articles one and two, I wrote about the different types of debt collectors, how debt collectors will locate a consumer, and what they will do when they contact the consumer. In article three I described the strict rules and regulations that debt collectors, particularly third party debt collectors must abide by when they make each phone call.
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A Student Loan Consolidation May Be Your Best Bet For Financial Stability
These days, money is tight for anyone trying to make ends meet, even young people. As the job market tightens with more and more people losing employment, competition for jobs becomes more fierce and a college education may now be necessary. While you were in school, loans paid your way through college, but since you have graduated the unthinkable has happened, and these debts have come out to haunt you, maybe even before you are able to secure your first job. A whole slew of debt collectors may be contacting you, and now, you are a frenzied mess searching for anyone who can help you with a student loan consolidation.
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How To Deal With A Collection Agency Part Two
If a bill collector is requesting that you pay a debt that you think you do not owe, or more than you owe, you have the ability to dispute the debt in writing. The legal terms for doing this are "debt validation" or "debt verification." Within the first five days of contacting you, the Fair Debt Collection Practices Act requires that bill collectors notify you of your right to validate the debt. You need to ask for verification within thirty days of when you are first told about the debt. Always send your request by certified mail.
10 Tips For Effective Cold Calling
Cold calling. Just the name can send chills up your spine. There are efficient ways for sales professionals to prep before cold calling, says John Monderine, President of Rapid Recovery Solution, Inc.. He shares 10 tips guaranteed to take the chill off of cold calling.
The Pros and Cons Of Bankruptcy
Bankruptcy may be seen as a quick fix solution to financial issues. However, the effects of bankruptcy are long term and can impair your ability to obtain employment, house, and any type of credit. It is important to weigh the pros and the cons of bankruptcy before making a major choice.
Times Are Tough, So Its Time To Think Outside The Box
When times get tough, the tough get innovative. In the beginning of the last decade of mortgage borrowers trying to trick the system played down their debts and pumped up incomes to qualify for loans that they otherwise would not get. Now it looks like borrowers have found a new way to get lower payments from lenders on loan modifications by doing just the reverse.
Bankruptcy Rises In Poor Economy
Pay cuts and Layoffs put more people into bankruptcy last year, and researchers allege that the situation will not be likely to improve until the unemployment problem is resolved. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in 2008.
Cash4Gold Scam
We've all seen them - the flashy "Cash4Gold" commercials, at times they feature people on the street dancing, or at other times, M.C. Hammer promising fast cash in turn for your old, unused jewelry. Although human nature makes us want to unconditionally trust the dancing person or even with his track record, M.C. Hammer, it turns out that Cash4Gold may not in fact be too legit to quit.
Feds Arrest Two In Buffalo For Debt Collection Scam
The U.S. Attorney's office handed in a criminal complaint Friday in U.S. District Court charging Timothy E. Arent and Neil G. Wieczkowski, both of Buffalo, N.Y., with mail fraud and conspiracy to commit mail fraud. Arent is also charged with bankruptcy fraud. The charge of mail fraud holds a maximum penalty of 20 years in prison and a $250,000 fine. The conspiracy and bankruptcy fraud charges each carry a maximum penalty of five years in prison and fine of $250,000.
Record Companies Resort To Different Tactics To Collect Money
Record companies have apparently found a new tactic to cash in on royalties. As we are well aware, at first these businesses sued individual users who illegally downloaded music. But this approach to collecting money in order to recover from major financial loss has destroyed their public image.