Bad Business = Good Business For Debt Collectors

[moenawazCOM]

Great video and great advice from Insolvency Auditor, always seek professional advice before it is to late. Business debts are hard to get away from debt collectors so more the reason to speak with an experienced insolvency auditor. Moe Nawaz

[pig5689]

One of 'em called me giving me shit about my daughter's debt. Told 'em she's 24 & lives 1200 miles away from me. Haven't seen her in two years. Didn't matter to him. Said I was her father so I now have to pay her debt. Bullshit. Can't believe the depths of depravity of these collectors. No wonder everyone thinks they're garbage scum.

[emailbryan]

Tell your daughter to stall it out. the longer you go without paying the debt the less you have to settle. once a collection hits your report the damage has been done anyway...

[badpanda84]

@emailbryan well assuming they just dont go ahead and sue

[emailbryan]

Sue who? Yourself?

[badpanda84]

@emailbryan the debtor obviously

[emailbryan]

for what? this a standard industry practice and the way debt is reported.

[kidstalkpolitics]

I'm amazed they cab all work so close together.

[emihew136]

But its a bill that you have accrued...? You go to the doctor and think that it is free? Or you dont pay your gas bill? Yeah there are programs like liep that are funded fedarally but we are all therefore paying for it... Not all collection agencies use good tactics or follow the collection laws but dont get pissed off at the ones that do and will work with you.

[emailbryan]

Yes i agree, I mean isnt a consumers responsiblity to be mature when dealing with spending money? Sure there are exceptions to this rule (family emergency, staranded in a foreign country) but generally speaking "If you create the debt pay the debt!"

[ahhyo2006]

Debt collector's need to eat too. There are more jobs out there that are much worse then this. I leave you with this message: "I owe, I owe, it's off to work I go."

[Iori400]

Debt collectors are real scum..

[xavierartorivs]

So if a business or individual is broke and near bankruptcy, how does the collection agency plan to collect. Usually such debts are non-secured debt; therefore, carry no weight in bankruptcy court. Or did this change since I had last taken my contracts law class?

[mockingarab]

I didn't answer collection phone calls for 2 years then filed chapter 7

I don't waste my time with these low life huslters. They buy your balance for a 10 cent on a dollar and try to make up to 1000% profit, paying them doesn't help your credit score anyway.

If you don't have cash in the bank DO NOT BUY.

[emailbryan]

Your right to a certain degree. If you settle the debt it does show paid on your credit report...but than again it STILL shows as a debt that is on your report...

[clearwater04]

glad i've never been in debt XD.  never spent money i didn't have thats the best way to keep afloat nowadays.

[emailbryan]

Your parents taught you a valuable lesson.

[swankrecords]

I've never been in debt. But if i was and a collector called me I would simply hang up. Ignore them completely. It's your right. There is nothing they can do.

[streetsmarts990]

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