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Tele-Terrorists

Don't ever allow tele-terrorists to bully you.  The only way 
debt collectors that routinely break federal laws in the 
name of getting you to pay your bills are going to be 
stopped is by people like you putting your foot down. 
There's nothing to be ashamed of, everyone has either 
experienced money problems themselves or known someone close 
to them who has.  Whatever your situation may be, it's not 
going to shock your state Attorney General's office.  It's 
not going to unnerve your regional Federal Trade Commission 
officials.  They've seen it all and heard it all before. 
They also know that consumers forced to endure these 
unscrupulous tactics at the hands of debt collectors are 
ashamed to admit to anyone, especially a stranger, that 
they're having financial difficulties ... and this pride 
keeps them from notifying the proper authorities. 
They know how to scare you into doing what's best for them, 
not you.  They know how to use the phone as a weapon.  Some 
will insinuate, others will be much more bold.  Threats of 
the sheriff showing up at your door.  Threats of arrest at 
your place of employment.  Threats of getting the courts to 
turn over custody of your children, since obviously you 
can't handle responsibility. 
These people recover money for their clients using whatever 
trick in the book that works for them.  I'm not making this 
up.  I've talked to thousands of consumers who have shared 
their horror stories with me. 
But here's the good news: They can't do anything to you.  
They can't do anything more than, at the very worst, get a 
judgment against you.  If they have security (like an 
automobile or home loan) they can always repossess the item 
you financed. In most states the creditor will be able to 
garnish your wages.  But let's face it, you can't get blood 
out of a turnip. If you can't pay them, you can't pay them.  
It's costly to go to court.  It's costly to get an attorney 
to jump through all of the hoops to garnish your paycheck.  
If you're self-employed, it's going to be tough for them to 
get you to garnish yourself If you're in commission sales, 
it's just as difficult. 
You should avoid letting it get to this stage at all costs.  
Take the debt collector out of the picture early and go back 
and deal with the original creditor. 
Greed Drives The Collector
The debt collection industry thrives on greed.  With 
revenues approaching $80 billion, it's no wonder that the 
debt collectors around the nation are so aggressive. 
Since most creditors assign their overdue accounts to debt 
collectors on a contingency basis, all it costs the debt 
collector is the time to call up debtors and scare the money 
out of them. A  contingency basis means that the collector 
promises to collect on a "best efforts" basis.  The creditor 
doesn't owe anything to the collector unless the collector 
collects.  The collector doesn't earn any commission unless 
they are successful in collecting the debt.  Therein lies 
the incentive . . . the more the debt collector collects, 
the more money they make.) 
For this example we'll assume that your account is assigned 
to one of Vito's top debt collectors, a person by the name 
of Richard Head.  Mr. Head has plenty of incentive to 
collect the account for Rody's Department Store ... about 
250 reasons.  If you were to repay the $1,000 to Mr. Head at 
Vito's Collection Agency, this is how the money would be 
split: 
$500 given to Rody's Department Store (mgmal creditor)
$250 kept by Vito's Collection Agency
$250 given to Richard Head, Debt Collection Agent
If consumers across America fail to speak up and voice their 
displeasure with the system, we are all sentenced to suffer 
in a segment of society that's not only broken, but being 
looted by a bunch of punks that hide behind the telephones 
and doors of the debt collection industry. 
You've got no excuse for not writing if your rights as a 
consumer are being violated.  Federal Trade Commission 
offices are listed in the INFOBOOK.  For your convenience, 
it also furnishes a sample complaint letter to the FTC.  Use 
the same letter format to complain to your state's attorney 
general. 
More importantly, follow up when you receive the FTCs 
standard complaint form.  Follow up, document your complaint 
and push them to the point of resolution Or maybe not ... 
give it to a friend or relative. 
"I'm Sorry, The Number You Have Dialed Is No Longer In 
Service " 
The telephone.  The greatest invention ever created in the 
eyes of the debt collectors across the country.  The tool of 
location.  The tool of interrogation.  The tool of 
intimidation. The tool of tele-terrorists. 
Why some people continue to answer their phone when they're 
heading towards difficult financial times never ceases to 
amaze me.  This inanimate device that allows the debt 
collector into your home at any hour of the day or night is 
so easy to control. 
STEP ONE: Change the number.  I know it's obvious, but 
sometimes those are the things that elude all of us.  Change 
the number immediately.  Call the phone company and tell 
them you've been receiving obscene or harassing phone calls 
and you need the number changed at once. 
STEP TWO: Before you hang up on your protectors of privacy 
at the phone company, tell them that you need the new number 
to be UN-listed and NON-published.  Instruct them that you 
want your address to be UN-listed and NON-published as 
well. 
STEP THREE: At the same time, be sure to give them your new 
mailing address. 
STEP FOUR: Request a "password" on your account.  Anyone 
calling in to the phone company posing as you or your spouse 
must know the password or they will not get information. 
Don't forget: the debt collectors will call those people on 
your credit applications first, usually your family and 
friends, and weasel your new phone number out of them.  Some 
are successful because they're great liars ... others are 
assisted by friends or family members that are either not 
clued in to what's going on or are, shall we say, "mentally 
challenged" in the area of common sense.  Don't give those 
people a chance to break through your safety shield.  Give 
them the voice mail number. 
INFO TIP: If you should return a phone call to a creditor or 
debt collector, saving money and calling them back on their