Great Article from SmartMoney.com

1.”We’ll say anything to get you to pay.”

“You just need to pay me $1,200 by 2 p.m. or I’m going to send the sheriff out to arrest you.” That’s what one debt collector told a client of credit counselor Jan Jones, who works with the Consumer Credit Counseling Service of Alaska. One woman in her 70s who fell behind on credit card payments was told she’d be deported if she didn’t pay right away, says Dafne Torres, director of operations for InCharge Debt Solutions, an Orlando, Fla., nonprofit credit-counseling service. While some collections agencies are courteous and professional, “a lot of them will say anything and everything they feel they can get away with it,” says Torres. View more here

2.”You can stop our calls.”

Phone calls are one of collectors’ most powerful weapons. But under federal law, repeated calls, obscene language, threats of arrest and threats of violence are all illegal. Consumers need only to send a collector a written letter asking the collector to stop contacting them, and the collector must comply.

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Tags: debt, Debt Collectors, Debt Settlement

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