Stop Bill Collectors!

When you don’t pay your bills on time, don’t respond to the calls from the credit card companies or the collection agencies and live under cover, you could wake up one day to find your bank account temporarily frozen. That will be a bad day if it’s the day your rent or mortgage is due! You may have missed the judgment notices in the mail (or maybe you moved). You may not even know your creditors went in to court and sued you. You have no idea they got a judgment against you and used it to empty your account. When the creditor follows legal procedures, your account may not be garnished immediately. Instead it might be temporarily frozen.
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If you have creditors who file a judgment against you for debts owed to them, your wages could be docked. While the laws on wage garnishment differ from state to state, generally once creditors have a court order against you, they can take 25 per cent from each pay check. Once a creditor has filed a judgment against you, there are very few options (besides bankruptcy) available to you. Therefore, the trick is to stop a garnishment before a creditor obtains a court order.
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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. If you have bills which you are having problems paying and you are worried about them, then there are ways in which you can resolve your debts. Not a lot will happen for the first few months of missed payments. 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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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 however 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 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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Debt collection agencies use every technique they can to collect judgment. They’re like The Terminator: they have one goal, and that is to collect. They will use every technique allowable by law (and sometimes, ones that are illegal), top con, trick, coerce, and cajole you to giving up personal information. While you should not ever talk to a bill collector (sure, go ahead and call once, to see if they are being reasonable. Trust me, they’re not going to be). But in order to really deal with debt collectors you’ll need to know how they operate. Here’s the top ten tricks they use to get you to divulge your security number, which they will use to find hidden assets and report you to the credit bureaus.
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If you are reading my blog, you are probably here because you’ve got creditors knocking at your door. Maybe you are looking at losing your home, your car, or even your furniture. While there are solutions to your problems, many are dramatic (like bankruptcy) or expensive (like moving to Florida and purchasing a homestead). To avoid worrying about creditors stealing your hard earned money and selling your assets out from under you, you should stash your cash somewhere safe. And the safest place to stash your cash? Not surprisingly, Switzerland. In these internet days, all you need to set up a Swiss Annuity is an internet connection.
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This post should probably be (more accurately) called How to Stop Bill Collectors From Seizing Your Car, Your House, and your Personal Belongings. If they win a judgment against you, they will take your stuff. They will get a nice police office to come to your house and empty it of your belongings, and there won’t be a thing you can do about it.
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Thousands of people have successfully sued harassing debt collection agencies and won. the Fair Debt Collection Practices Act allows you to claim up to $1,000 for each violation of the FDCPA. In addition to the $1,000 per violation (one harassing phone call from a debt collector counts as a violation), you can claim financial damages, court costs, and legal fees. Here’s how to do it: the easy way.
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