Stop Bill Collectors!

Being in debt is not the nicest thing in the world. It can get you down and it can even cause medical problems such as stress, depression and sickness. A lot of people who owe money to creditors worry that they will be thrown in jail but this very rarely happens. This doesn’t mean it won’t happen: Here are a few notable examples of when you can end up in jail for money problems.
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A garnishment on your bank account can be quite upsetting as it means that you have no control over the money in your account and you may not be able to pay your bills. It also means that a creditor will be able to take money from your account regardless of whether it is protected or not, and your bank will let them do this because the law says that a bank must always comply with a creditor claim or they will be liable. However, there are ways in which you can protect your assets from garnishment.
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When you are in debt, it can be very easy to make mistakes and one of the biggest mistakes that a lot of people do when they are in trouble is to keep quiet and ignore their creditors. If you stick your head in the sand, your creditors may be able to find and access your bank account and take your money without your knowledge or permission. Imaging waking up one morning and finding your bank account emptied!
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The dictionary defines garnishment as “a court order to an employer to withhold wages or send money to court or to the person who has won a lawsuit against an employee.” You don’t need to hire an expensive lawyer who will charge you hundreds of dollars an hour for his services to fight a garnishment. There are ways in which you can fight for yourself and win.
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Thinking of writing a cease and desist letter to your creditors? (See this article for a sample cease and desist letter). It’s not as simple as writing a letter to your creditor telling them to stop calling you. Here are 5 vital facts you need to know before you send the cease and desist letter to stop creditors from hassling you.
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If you want to stop creditors from calling, you’re going to have to pick up the phone and talk to them. That may seem counterintuitive (why the heck would you want to talk to them?), but you–like them–are going to follow a script that’s guaranteed to have them stop calling you. Peace is just a few phone calls away.
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If you are being harassed by debt collectors, take a leaf out of Craig Cunningham’s book. Cunningham owes $100,000 in debt, and he’s inundated with calls from debt collectors. But he doesn’t mind: he’s earned a whopping $20,000 by answering bill collector calls: every penny of it has come from the debt collectors themselves! Most people who receive calls from debt collectors dread picking up the phone, but not Cunningham. He’s beat debt collectors at their own game by catching debt collectors violating federal law, and suing them in court.
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The Dallas Observer recently posted an article about a new trick that debt collectors use to squeeze money out of you. And it isn’t what you would expect. Instead of using threats of jail, bad credit, and calling your relatives to tell them you’re a “deadbeat,” bill collectors have undergone special training to collect debt any way they possibly can. That includes this unforgivable ruse that will have your parents and grandparents cheated out of their life savings–if you fall for it.
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