@canadianepxress ; I never said or hinted that a person should not pay your bills" You obviously are blinded by the truth and must be a debt collector. We teach people how to pay only the bills that they DO owe. Your facts are wrong but thanks for watching anyway.
@billdiana :At least you attempted to argue with some logic and reason. I appreciate that. But Debt Collectors are terrorist. Why do you think the FTC is cracking down on the industry?
@HearingEveryRhyme: LOL...you would be funny if you weren't so misinformed. Let me ask you this...What about when a child gets hurt the parents take the child to the hospital. The parents have insurance but the insurance company refuses to pay? This happens all the time It's called 'rescission'. The parents thought the insurance company paid the bill. They usually don't know they owe until they check their credit report.
I have a student loan that the debt collector is chasing me for. I paid on it for ten years without missing ONE month then lost my job an started having problems finding a job paying as much as I was making before. when the debt collectors found me I told them I was willing to start paying the same amount I was paying the lender before I lsot my job but they try to tell me they want more than double that amount. I told them 'fine chase me'. now they been looking for me for 3 years..
You go guy, only the ignorant and the ... how shall I say, wimpy, are the only ones who bow to the jackals. I have been dealing with "debt terrorist " for years thanks to two exwives, so I learn all I can and lately have opted to help others in similiar circumstances. A little knowledge goes a long way.
@Brux2Golf Did you hear me say to not pay your bills? What were you listening to? We say "pay your bills" in the video annotations....Thanks for watching.
Why don't you just pay your fucking bills? Or here's an idea if you know your not going to pay a credit debt back than don't take it in the first place!!!! This guy is making it seem like the bill collector is the bad person, they are just doing their jobs, something the debtor should be doing.. This guy is a fat fucking nigger
@ChicagoMike85: LoL it always amazes me that IGNORANT racist fucks like you have nothing better to do but spit ignorance. It's really a COWARDLY move to call me that when you don't even have a profile picture up. I bet you are one UGLY son of a Bastard...I'm sure of it.
As far as paying your bills, you must be a dirty debt collecting scumbag. Biased by your need to feel superior to everyone else...I bet you don't have a life and spend your time trolling youtube looking for kicks. Coward.
listen up peeps....DO NOT EVER "REPAY" A CREDIT CARD!!! There is NOTHING to repay at all. They use YOUR SIGNATURE to create money out of Thin air, and then act like they are "loaning" you money. This is the biggest fraud in history. And by the way...it is not YOU who "owes" the debt, it is a paper fiction styled after your name, which is really a commercial entity and a legal fiction. You can rightly dispute any claims of indebtedness because YOU owe NOTHING
Nice try in your attempt to alleviate personal responsibility. Thats another reason why our species is so far down in the shitter. People dont have the balls to have integrity anymore.
@tfergusonc: Nice try. I believe in personal responsibility but also in corporate accountability.I teach people how to pay less than what is claimed to be owed. I teach people how to pay their bills smarter.
Wow, thats intense. I am a debt terrorist, but I have never harrassed anybody. I guess the collection industry operates a little differently in New Zealand. We chase debt from people that owe creditors money. We provide a professional service to both our client and debtor. We concerntrate on debtors who owe money but wont pay, not cant pay, big difference. If a debtor cant pay, its up to the creditor to decide on how to proceed, not the collector. Professionalism & empathy is key.
dude we call because you deadbeats never call our customer or our agency. call us a terrorists but we garnish your asses all the time and laugh to the bank! if you were smart you dumbass tell these deadbeats we have collection software that all we do is plug their social security # and bam we have their employment and then when you ignore us we just garnish! plain and simple! listen to this kook and get sued. tell me if im wrong? i been collecting for 15 yrs.
How do you become a prepaid legal associate? I can be so naive. When I first got calls from Mel S. Harris, I freaked too much to think about verification. I paid, became unemployed, husband's hours were reduced. They put a judgment against me without sending a summons. Sometimes things happen to people. If we are to stop borrowing money, then that includes most of the nation. I am trying to improve myself by going to college for criminal justice. I hope to help others in my shoes one day.
I got a question I had a Law Firm call me on my Debt from a Gym Contract and I looked up the # they gave me as well too They do not show up on my caller ID and I looked up the Lawfirm name and such and they where telling me I will default by the court of Law and I do not live in that state anymore and then he Left me another Harassing Call telling me Its in my Best Intrest to call them Back???
Is that going against my Rights??? and Im currently Unemployed and he told me that is no exuse
My checking account was liened and garnished by a Chicago collection agency. The woman who processed it enforced it without a summons (I moved...wasnt at my old house to recieve it). The second my tax money was deposited, I couldnt touch it. They summon EVERY SINGLE BANK IN THE STATE AND IT IS A COURT ORDER LIEN...you cannot run from that. Oh, and im also a bill collector. It was funny to be on "the other side" so to speak.
I never thought of thinking about debt collectors as terrorists. It does make sense though, those bastards cause more fear in this country than Osama Bin Laden ever could in his wildest dreams.
Alot of truth but your blowing this outta proportion. First off debt terrorist sounds like those that go around running up hundreds of thousands of dollars, then change their social and name. Now that's more like a terrorist. Sure everyone falls on hardtimes, that's life. Get up Dust off and move on.
Thank you for this video. Debt collectors are out of control, and I used to be in collections! I am a finance professional who volunteers at a free finance office for people who can't pay my normal fees. Some of the stuff I have seen lately, is clearly over the line. I helped one individual prove that they didn't owe a bill they already paid, but the collector still kept calling?! There have also been several people hounded for the debts of their dead relatives, that they DO NOT owe!
you are so full of crap! i work at a law firm and we do file wage garns, leans, and take away your license. try to get your facts straight before you tell more lies, but then again people pay your bills!!
@Walkpanter88, Yeah you take advantage of people who have fallen on hard-times and are unaware of their rights. That's why we are also Pre-Paid Legal Associates.
My facts are straight and based on the FDCPA, FCRA, and many other Federal Laws. I used to battle Law Firms everyday when I worked at a Bankruptcy Law Firm myself.
If you work at a Law Firm, you're just mad because I speak truth. But I warned you in the Video...lol...
There are no victims...just volunteers.....You don't pay your bills....yes you know clearly they will call you. Get some honor and pay your bills and stop being the the Victim..that probably why your broke. Change your attitude.
@angelnyca: No one said "victim" in our videos. Where did you get that from? We are Debt Warriors - Volunteer Champions for the cause!
It always amazes me when insecure people with no profile picture or videos of their own makes these platitudes based on irrational information. These kinds of people engage in Voluntary Ignorance and denial.
I hope you're not one of those people, but it seems to be the case. Do yourself a big favor, stop being a victim of ingnorance? Thanks.
If you don't owe the bill supply proof and the bill collectors still go away. People villify collectors but we are hard working people trying to feed our families with honest work like eveyone else!!!
@Reggiebraz: the "Burden of Proof" is on the Debt Collector. Under U.S. Law, the DT has to provide the proof - not the Debtor (you should know this already) But I'm happy to inform you:)
Being a DT is not honest work! There may be some honest ones, but they don't last long in that work.
Yes you are correct the burden of proof is on the agency IF the debtor reqest proof in writing within 30 days. But, let me inform you, the vast majority of debts that are placed in 3rd party agencies are legitimate. While there are some unethical collectors and agencies, just like there are unetical debtors (credit criminals) the majority do follow the law. By the way in most states calling neigbors or family to leave a message is legal as long as the debt is not discussed.
fuck that pay your bills on time or when you want a nice car or house for you and your kids you can get it. dont buy into this shit , if you cant pay for it dont get it.
Bitworm05, Suppose you brought a Black Boxer for say 3,000. You took it home and fell in love with it. After 30 days you learn that the seller charged you 3 times what you agreed to pay ($9,000).
You weren't expecting to be charged that amount and because of that (or job loss) you can't afford the new higher debt. This happens to unsuspecting Consumers all the time.
Next let's say that you're a Big Bank or Credit Card Company (eg Captial One) who just got a Gov Bail-Out? Why? Any answers?
That comment doesnt make any sense who buys something without ready your agreements?? i bought my boxer with 700 cash!!! bottom line upfront if you get a credit card read the fine print and pay your bills stop trying to get over.
People buy stuff without reading the agreements all the time. We tell people to have all contracts reviewed by an Attorney. If you would just open your mind and learn about what were saying, I'm sure you'd agree. But until you come around....
We are not trying to get over. The Banks have beat us to the punch with the bail-out. We teach people how to responsibly pay their debt (only what they do owe).
Fact: Many DT's use dirty tricks like putting false information on Credit Reports.
How about this? We open a store, you buy a lot of stuff and then we "over-charge" and "double-bill" you. Next I'll retroactively raise the price to triple of the areeed price. Then well charge you extra fee's for doing business with us.
After you can afford to pay, we will charge it off to a DEBT TERRORIST, and they will call you.
It is legal for a bill colector to call. 1st of if you owe anyone money you have to pay it. If you dont that company that you owe can take you to court. This dude doesnt know what hes talking about. Check your state law.. Shit happens and people fall behind but its a legal obligation to pay or you really will be ass out!!
besides, you seem to think that agencies make up debts that people dont owe...they dont need to, there is more than enough legit debts for companies to collect on, why would we make up fake ones? it is wrong to call neighbors and disguss debts, it is legal in most states to call jobs, and call between 8 am and 9 pm as long as you onlt call once, and you can call other people but cant disguss a debt, the only letters sent are bills, it is illegal to threaten jail, but pre-legal debts will be sued
Yes. Companies do make up debt. It's a form of I.D. Theft. It happens all the time. There are legit accounts to collect on. We show our clients how to work with you folks, in their own best interest.
ok well if they make up debts its not something i know about or am any part of i dont want to do anything to further their wrong-doing...i think what some collectors and companies do are awful, if somone tells me they dont owe something i make sure to get them the proof within 30 days, i havent run into any made up debts yet, not to say that doesnt happen...i am watching more of your vids, i shouldnt have said u are wrong, these vids are great for people who are getting tricked by companies
Ok i am a bill collector, before our company even calls any debtor we make sure we sent a letter to the address expressing exactly why we are going to call...aka proof that they owe a debt. secondly no they dont us us directly, but if i asked my brother to call my friend and ask him for money he owes me because i am busy and dont have time to call myself, that makes my brother a terrorists?? you guys do EVERYTHING wrong and you are pretend you are education.. i do like that u respond to comments
Thanks for the honesty. It's admirable. If you'd ad a picture of yourself - ever better.
Sending a letter is no proof of any debt, you know that. I get mail all the time at for people who no longer live at this address and who are not at all related to me. People I don't know.
Usually the Debtor in question doesn't owe you at all. You have no business profiting of off peoples pain. You've never attended any of our courses, so how would you know what we do? You're too biased. Thanks.
Debt terrorists ? dont you think that's a bit extreme ? You should make something clear, that technically the debtor doesn't owe the collector but the collector is calling on behalf of a company which you do owe money too (unless it is fraud obviously) People should stop borrowing money they don't have. I find in the U.S. that people seem to love getting and spending the money but don't like paying it back....
mcrmay1107, Extreme? Not as extreme as Debt Terrorist. Are you one? lol... You make a great second point. We show people the technicalities of debt settlement.
you're Canadian? Are you living in the states? If you are and you have a credit card, have they "stripped" your available balance yet?
Finally, APR's are being raised to the extreme. People's rates are being raised forcing them into debt. It's not the borrowing, it's the lenders jacking up rates.
Imaguglielmo, we agree. It's best to not borrow money at all. But you haven't done your home-work. Fact. Businesses use money that they can't pay back too. This is why there is a "credit freeze" in the markets and Bail-outs for big businesses. Humm, what about that?
How about this? force the Debt Terrorist to Prove what is owed. Many-times mysterious fees are placed on 2nd Party accounts.
Finally, we show people how to settle their debt, in a responsible way, for pennies on the dollar.
damn dude, i work at a collection agency and its insane for you to call me a terrorist, i call people and ask them to pay what they owe, and if they say no, i say "Ok" notate the account that they arent paying and move on, in no way am i a terrorist, i used to be a marine you arrogant f*** calling me a terrorist, u realize collectors are also in debt and recieve calls, but they need jobs too,
Hey, thanks for the thoughtful comment. But you're forgetting one thing. The Debtor doesn't owe the Debt Collector anything.
What if collector started calling you about money you owed your parents? They obviously wouldn't have any business calling you about money you owed someone else.
I like your style of debate. I like that you note the account and move on. But trust me your bosses are gonna ride your back until you become a Debt Terrorist. Become a Pre-Paid Legal Associate and help people
I just have to say, as an objective 3rd party, that this is mostly really bad advice. I am not a debt collector nor am I a debtor that has defaulted on debt. I do have intimtae knowledge of civil court procedures in all states and I see credit card judgements leveled and enforced 5 days a weeek. On Friday there was 17 small claims credit card cases. 16 ended in a judgement for the plaintiff (the creditor or the credit card company). We didn't get to #17.
Nice way to try and scare people. We provide "information" about our Rights as American Citizens - not advice.
You failed to mention (as one whom claims to know) that the biggest reason why judgments are "leveled and enforced" is because people can not afford a Lawyer, or are intimidated and not aware of their Rights as "defaulted debtors".
You also forget to inform people that in small claims court, there usually is a mediator before you meet the judge.
fuck the government, fuck debt terrorists, fuck collection terrorists, fucking corpies and their greed all they care about is money, they dont give a fuck if your family member died, they dont care if your ill and cant work, they dont care. the only thing they care about is MONEy. what is money? money is what makes a man act funny, moneys the root of all evil
Let's not forget the bottom feeders that buy up old debts from companies who probably by now have already written it off as loss on their taxes long ago. Makes you wonder why the Feds let them do that after they already gave the original debt a tax break. Isn't that a sort of tax fraud? You know the ones I mean, they usually can not speak English worth a shit. Good video, very informative.
Thanks. I do think it's a FRAUD! The business gets the write off and then sells it to the BOTTOM FEEDERS for pennies on the dollar. You make a good point! I've worked against hundreds of them. I know EXACTLY whom you refer too...LOL... They will work with you though...Great comment! ~ J.
ARIYANNE, If they owed me money - yes. But if they didn't I would LIE and say they did. Do some home-work on the Fair Credit Reporting Act. Also, we teach people how to pay their bills responsibly.
oh god.. if someone owed you money you wouldnt want them to call you a debt terrorist lol this is ridiculous .. Nice how you tell people NOT to be responsible or pay your bill
I am kind of offended at the term debt terrorist, I am a debt collector and my goal is to collect the balance but we waive late fees, defer pmts, etc. In fact we ask why they got behind and then we say we understand. I hope you don't bunch a whole group of people into your sterotype.
recently saw 3 big! debt collectors turn up at a location turns out that there was identy fraud and they had the wrong person. the debt guys tried to remove a items from his house wrong move as his family where at the location for a party 12 big ex/reg army at on point a saw debt guys teeth fly out, one had a broken nose+leg+arm they third ran but was caught they draged him back to his van smashed that and him inside it and that poor bastard still in hospital. These 3 debt guys where huge
I understand why everyone is buying into this. Many of us are in debt and we want someone to tell us its ok not to pay our bills. But we know that its not ok. We know that we sign contracts agreeing to pay later for goods and services recieved. Then later comes and we can't adhere to the agreement. The creditor, however, can and does. This results in everything from letters to liens and should come as no surprise because WE signed for it. Best way to stop a bill collector, PAY YOUR BILL!
Don't take our word for it look at what is going on around you:
Recently the Federal Reserve Board received an astounding 56,000 comments from Americans regarding credit card practices. The response broke a record - this is the most comments the Fed has ever received on any of their proposals!
The fact is many people don't know what they've gotten into do to lack of knowlege for them and lack of disclosre by "Credit Predators".
We help people PAY THIER BILLS IF THEY OWE THE DEBT!
debt collectors buy old debt for pennies on the dollar, and call/send letter that states they do have authority without ever providing the backup paperwork and seek to collect, they double the amounts originally due, so $500 can become $1000 and they can freeze your assets for double that. so $500 can become $2000 and you should never ever pay them. they are the maggots of the legal/debt industry and they know it. they make me sick and lie. no one owes them a f**king dime - demand proof!!!
You don't have to have debt to live in America. In fact debt as we know it didn't start until the 1920's. In 1913 the Federal Reserve Act was signed that changed the American economy.
Luxury, clothing, salon services, cigarettes, fancy coffee drinks, dining out, cutting edge communication/media services, illicit substances, alcohol, "beyond your means" housing, driving a car instead of taking the bus, etc etc . ! Live simpler, plainly, and humbly until you pay off your debts and can afford all of those luxuries. It is the excessive debt defaulter that ultimately makes my interest rates higher, and that makes me ill.
I agree with most of your points about living below your means. But it's not only the excessive defaulter who makes your rates higher. Many Creditors raise rates because they know that debt management is a daunting and confusing task.
Then there are issues like "double billing cycles", predatory lending, "addendum stickers (for autos) and please don't forget medical debt.We do encourage "sustainable living" in the next few weeks we will be doing a series for that. Any suggestions? Thanks.
We wish we could say this was a satire. We wish we could laugh about it. But it's real and it happens to millions of unsuspecting Americans every single day.
this TheWarOnDebt guys is really busting his ass with his biz. Good shot! It really is a crapshoot, though, due to many creditors (Cap1 just to name an example) who CAN and WILL file suit on anyone. If you have a mortgage or work in a garnishment state it can get hairy. NOTE TO DEBTORS: MOVE TO TEXAS
your only creating more debt by paying off your bills... no joke.
HOW do you know what kind of bills you have to pay, if that claim you owe them, ask them where, also third parties that seize property have NO POWER to do so. they are a third party, you didn't contract with them so they have no power- that is equal to MAJOR fraud
Man i'm speechless .. Do you think it's right to steal? That's what these "debtors" are doing .. What's the point of your video? To promote the debtor lifestyle? If you loaned someone $2,000 and it has been 6-8 months before you have even spoken with this person , what would YOU do ..?
People , don't listen to this dirtbag . It is GOOD to pay your bills .
You CAN'T be serious. LOL. You didn't watch the whole vid!
We teach people how to pay their bills. We even show them how negotiate and eliminate their own debt for themselves. We ALSO give people the same software used by Debt Consolidators.
Most importantly, we tell people about their rights under the FDCPA, FCRA, FACT, and ECOA.
Watch the video? We know you didn't. You saw a Black Man on the screen and resorted to posting guilt/fear comment. People shouldn't listen to you - not us.
MMATHIA00 is a debt collector. Don't listen to him. Debt collectors rarely can prove you owe anything. Hire a consumer lawyer. They can usually make the debt disappear even off your credit report.
It's very presumptive (look it up) of you to assume that I have debt. It also shows that you're a Debt Terrorist.
You also lie when you say they don't leave threatening messages. I know because I worked in a Bankruptcy Law Firm and clients have sent me copies of the messages left by Debt Terrorist.
You're probably at work now, or just got off work and your life sucks. So you come at us with this BS comment. We specifically tell people to pay only what they owe. What about the FDCPA?
dude what makes you so special that you don't have to pay what you've used? DC's dont call & leave threatening msgs. they leave standard msgs which they are legally able to do by law. ur pathetic. U obviously have debt & ur mad (which is typical for deadbeats who are happy to get credit, but feel "harassed" when the bill comes). you're disgusting. if it's off your cred report...i've got news for ya...it's still owed. know why? 'cause you used it.
Dude, what makes you thing that we're telling people to not pay their bills?
You lie when you say that they don't leave theatening msgs. That's why there is a U.S. Federal Law called the Fair Debt Collections Practices Act [FDCPA]. Consumers CAN be awarded damages of up to $1,000 for each violation of the [FDCPA].
Fact moron: 75% of Credit Reports have ERRORS and FALSE information on them. 25% of these errors damage peoples credit standing. Thats why there is an FCRA!
Be careful if you are applying for a federal job, it is much easier to garnish your wages for debt collector. Make sure you look at your credit report before you apply for any federal work, so you can find ways to not get you pay garnished.
and they follow the law. ok, hey you spent some money on a credit card or a medical debt, so pay for it or it will effect your credit. so it will cost you more in the long run. Can you grab a pencil and figure out what a home loan cost with a 6% loan rather than a 5% loan. why don't you do a video on how much money you cost someone who wants to improve thier life. instead of screwing it up.
I am currently trying to get out of debt right now using the dave ramsey debt snowball. However I am the one who put myself in this situation. I realize the point you are trying to make in this video. But even though harasment is against the law, am I not morally obligated to pay these off? Thank you. Good message by the way.
I like Dave Ramsey's' ideas and opinions and moral teachings, but I also disagree with some of his suggestions (i.e. cutting up or closing credit cards). As a Professional Credit Card Negotiator, I know that closing an account hurts your credit score because length of credit history makes a major impression to lenders.
Lowlifes??? A lot of the bill collectors are just doing a job and trying to make ends meet. Most probably depend on their jobs to support their familes.
Debt Collectors are required by Law not violate the Fair Debt Collections Practices Act [FDCPA]. What do you call a person who willfully violates the Law? Answer: a Low-Life.
The FDCPA leaves plenty of room for Debt Collectors to collect trillions of dollars of debt.
There is no need for anyone to violate the law to make a living. Once you cross that line WE consider you a Debt Terrorist.
Just like he said coming from a debt collector. IT IS AGAINST FEDERAL LAW FOR COLLECTORS TO CALL YOU AT UNUSUAL TIMES OF THE DAY, and yet so many times they get away with it because they are so intimidating. THE LAW IS ON YOUR SIDE MY FRIENDS, YOU ARE IN CONTROL OF YOUR MONEY NOT THE COLLECTORS.
It sucks I wish I would have seen this movie before. What do I do when I've already committed to a payment arrangement, but defaulted on them. See there is one benefit in working at a collection agency, it's that I know all the little inside tricks collectors use. I also always help my family members write disputes to collection agencies. But what if it already is verified that I owe the debt, and I've already committed to a payment plan?
You did the right thing by settling this debt. Next time, "Validate" the debt before you agree to make any payments. This will prevent them from overcharging you for the account.
Yea I have another collection agency after me now, I downloaded the CCDV letter, This is an attempt to correct your records any informatin obtained will be used for that service, haha I love it!
and you are right there are some BRUTAL collectors out there .... trust me i have heard it and dont agree with it at all .... i always took it as more of trying to offer help but i was outnumbered .... the word terrorist i feel is a bit to much just based on what we have gone through with terrorism is all .... thanks for the responses !
thank you for your professionalism .... i just took some offense to being called an idiot and so on .... i appreciate what you are doing and for responding to me properly .... i hope your business works out for you ,..... good luck
people need someone to guide them through there issues when it comes to dealing with credit ... however i have seen a lot of third party companies who give advice and take peoples money and it doesnt make there situation any better ..... i hope u guys arent like that and u are doing a good service to the people .... however calling people idiots and terrorists seems like you are doing the same thing you are trying to fight against .... that being name calling and demening people ....
and you are TOTALLY right that there are lots of really bad bill collectors out there who break the law and are bad people .... just like there are bad cops, lawyers, factory wworkers, janitors and everything .... there are also a lot of hard working people trying to work so there families can eat .... and calling these people terrorists when they are simply trying to work a job is pretty low ... there are some people who work in the industry who actually try and give good advice ....
This is a great response! Well thought out. You responded very intelligently. Thank you.
But they really do terrorise people. They call people really foul names. Not me personally, but while working on behalf of clients I would listen to recorded calls of Debt Terrorist saying things to people that were heinous.
Get another job. I'm an Independent Associate with Pre-Paid Legal. I also teach people how to settle their debt for themselves. You can do the same thing and still feed your family. God Bless you. You don't have to be a Debt Terrorist.
While in university I worked in a collections agency to help me get my degree in poli sci and law to become a police officer... as a bill collector not a 'terrorist' (you do realize that term is referring to people who commit acts of genocide right? like the thousands who lost there lives in 9/11 not someone who makes calls form a call center) .... i think that there is no need to call me an idiot then talking about being respectful ... when u show none at all ....
We have the highest respect for our American Police, Servicepersons and 1st Responders. You are not a Debt Terrorist - anymore...lol. You're one of the good people protecting us. So are we.
Listen officer, we have no beef with you. We have beef with these 3rd Party Debt Terrorist who violate the law.
Thank you for your service to our Nation within your community.
I have never seen such unprofessional behaviour in my life .... you call someone you dont know an idiot and rip what they have to say when they are giving advice on how to help them with collections calls .... becuase in the video you rip on the collections business and someone who isnt educated on credit might take your advice as to just not deal with there credit issues ....i was trying to throw in my 2 cents and offer some help
if people dont want debt collectors calling then i would say dont get credit u cannot afford to pay back.its more the lenders who are to blame and are paying now for lending to creditors who are never gonna pay it back.
For this response, let me refer you what Americans For Fairness In Lending have to say about this today [07/01/08]
Americans are telling the Federal Reserve Board in no uncertain terms that they have had enough of these tricks and traps.
Consumers are demanding strong federal regulations to ban the most egregious credit card practices—doubling and tripling interest rates, applying these higher interest rates retroactively to outstanding balances, imposing exorbitant penalty fees...
Where did you get that from? We never said that. You should pay what you owe. But sometimes you don't owe the debt. For example, when your insurance company denies coverage for no reason, you're stuck with the bill. Then the DR sells it to the Debt Terrorist and you're like "wait" I have insurance, why do I have to pay for this.
What's pathetic is the fact that minion like you don't question authority - you see someone trying to make a difference and you find a reason to hate.
LISTEN UP: We help people settle thier debts [for themselves]. We help people pay what they owe but sometimes the debt or the amount is no owed. That is why there are laws to protect consumers from Credit Predators and Debt Terrorist.
Your petty little words won't change what we are doing. Tell all your Debt Terrorist buddies to get a life.
Listen IDIOT! We've never told anyone NOT to pay their bills. We help people settle their debt for themselves. You must be a debt terrorist who's afraid someone you've been harassing might see our videos.
You said "it comes down to being honest and responsible". How honest is it when the credit card company jacks up the rate for no good reason? Why is there a Fair Credit Reporting act? Because credit pretators are NOT as honest as you'd like to think.
alright.... this video makes valid points .... however i am pretty sure this guy is looking to make some money off of his 'knowledge'..... a few points here ... most debt agencies have lawyers and if the client allows it legal action can be taken against you if the debt is big enough and some collectors can recommend legal action ..... however want some free advice???? ask for the collectors agency address and send in a cease and decest order and they cant call you anymore. Or pay your bills
Yes. We do offer "Do-It Yourself" Debt Settlement training. We have no reason to hide from that fact. We offer the only method recommended by the Federal Trade Commission.
We offer a free course as well "Operation Stop Debt Collector Harassment". It provides a Cease Communication and Debt Validation Letter.
We agree with paying your bills. But we say pay only what you owe.
this is probably against ur general ethos but ive leant a friend a sum of money months ago and they refuse to pay it back. i dont want to be a "debt terrorist" but i wanna know how to properly go about getting my money back from them wif out even going near those scare tactics.
I had a debt collector called an said that they were an attorny an said i ow ed a debt from a credit card so i told them show me proof that i owed this debt
i need to see recipts signed by me from every transaction .They said they didnt have too show me any proof lol ..so i told this dude who claims he was a lawyer for the collection agentcy. contact my lawyer that my lawyer was waiting on his call
That is exactly why we provide information about "Debt Validation" and Ceasing Communications. People need to know their rights. We're glad you've decided to fight back!
listen i am a debt collector by choice...i love my job...there is nothing illegal about what i do...the problem is all the people out there that run from their responsibilities!!!! sure there are people who actually do have a good reason for stopping payment on their loans or credit cards and those are the people that do the right thing and make arrangements to repay what they owe...then there are the people that are complete scumbags and open things and make the minimum payment one time.....
Simply give up your landline phone and use Skype with Call Blocking. This will solve the harassment-by-phone problem. They are too lazy and cowardly to come to your door...
I've seen many of your other videos and I liked them, but this one made me a little mad.. I was a collector for a mortgage company, and many of the things mentioned here did not apply to us, like payment/bonus did not depend on ammount collected, And by no means we tried to intimidate people, just trying to see what the problem was and tried to help them if we could, however we still got many responses of people full of rage and this kind of videos will make more people have similar responses.
Thanks for viewing and taking the time to vent in a respectful manner. You seem like a good person based on your comment. I hope things go well for you.
hey darth scoobs, you must eather be a credit terrorist yourself or you never been in this situation b4 this guy is trying to help us if we are in this situation, and we dont need rude people like you coming in here and telling everyone otherwise. im only 15 and they tryed scammnig me out of nearly 100 dollers! this was a very helpful video, thanks!
debt collectors can speak with the debtors spouse in 46 states i believe. of course its urgent for them to pay,9/10 debtors have money and have had money to make payments on there accounts and never do, then collectors call them and they scream at them, threatening there personal well being. But thats ok right
I don't have debt trouble (ok, maybe student loans). I was a Legal Assistant in a Bankruptcy Prevention Law Firm. I've heard the cries of strong men becuase they didn't know how to get out of debt.
You should do a video on this "Legal Request" you speak of. Put your effort where your mouth is.
At .47 Not true, the collector can speak with your spouse except in Alabama Iowa and Mass in ALL other states the spouse is considered "consumer which means any person obligated or allegedly obligated to pay any debt.
i can see your point but as long as their are people who dont realise nothing comes for free this will always continue. Blameing the people that lend the money is not right way to try and solve this problem.
We are not blaming anyone. We are just providing meaninful information to those who don't know. As a Legal Assistant in a Bankruptcy Prevention Law Firm, I realized that people file chapter 7 when they don't have to, because they are being terroirised.
Correct, our Federal Reserve system has always been set up to lead the American People into lives of credit and debt. The government wants us in debt so we can be controlled easier. However they can only do that if the American people submit into the plan. If you buy things you cannot afford you are sure to loose. Sign up to free credit report to make sure your not surprised by a "debt terrorist." I understand the truth. We need to read things before we sign them. Most don't and cry about it.
This just in from the U.S. Office of Thrift Supervision; "The Office of Thrift Supervision (OTS) today approved a proposal to prohibit savings associations from engaging in unfair or deceptive acts or practices regarding credit cards and overdraft services that violate the Federal Trade Commission Act."
Debt terrorist? Haha...good use of George Orwell's DOUBLETHINK. Low level scumbag? Who is not making their payments? The only way out of this is if the dont actually owe the money. Thats a VERY small % of course. Represent your people!! Americans like you are the problem. Your the scumbag!
My people are the American Consumers. President Bush just did a speech where he said he is understanding that "Businesses have been using deceptive business practices to lure consumers into debt".
in 2007 10 million Americans were the victims of identity thieft.
Our U.S. Soldiers fighting in Iraq and Afganistan are being terroirized by Debt Terroirist.
Finally, come out of your whole and realize the TRUTH. Read the Wall st Journal, NY Times or Fortune and stop being a scumbag.
so lets say sombody buys a car and they make timely paymets for about a year or 2 they lose their job or have a problem paying the car...they decide to give it to the bank or get it "repoed" and a debt collecter calls you and tells you you owe them a ridiculous amount of mony even tho the bank sold the car off and made 3/4 of the mony back? so now your paying for somthing you dont drive anymore and that makes you the scumbag?
I have a strange point to make in response to your video.....UM THEY OWE THE MONEY!If someone borrowed money from you,wouldn't you want it back??Give me a break! I'm a collector,I collect credit card debts, they're the worst because ALOT of the debtors I deal with ran up the bill KNOWING they weren't ever going to pay the 15 thousand dollar account,how fair is that to the american public that pay attention to thier finances and pay thier bills? we end up paying more because of them. Thanks guy
Well I have another Point to make. You overlook the fact that MAYBE THEY DON'T OWE THE MONEY. Don't thank me, thank the Fair Debt Collections Practices Act. Blame OUR U.S. LAWMAKERS for Protecting the rights of unwary U.S. Consumers.
but they owe the money 99% of the time so, you might want to teach about responsible consuming instead of just getting credit cards, and payday loans just because they want to buy clothing, trips, or weed lol be responsible and pay your bills, we have you the money when u needed it
Rick Silver co-heads a large debt-collector agency, NCB in Pennsylvania. They have a staff of low life who will torment the everyday Joe who finds himself in issues, loss of job, health, etc etc. They don't care. They want their commission on what they can get. They have no life other than making sure they are as rabid as possible. This is a sick profession to be in. And NCB Collectors have to be at the top of the crud list.
The key point was PAY YOUR BILL. The banks loan federal money witch is other people's money. See if you can't afford it don't buy it. Do believe what we say we are the creditor and you signed a legal binding contract with a bank. Kids you have to pay it back... good luck
So this guy wants to charge you a fee to show you how not to pay your bills!!! Am I the only one who sees the irony in this!!!???
canadianepxress 10 months ago
@canadianepxress ; I never said or hinted that a person should not pay your bills" You obviously are blinded by the truth and must be a debt collector. We teach people how to pay only the bills that they DO owe. Your facts are wrong but thanks for watching anyway.
TheWarOnDebt 10 months ago
@billdiana :At least you attempted to argue with some logic and reason. I appreciate that. But Debt Collectors are terrorist. Why do you think the FTC is cracking down on the industry?
TheWarOnDebt 11 months ago
Maybe people should fucking pay their bills and not buy shit they can't afford....hmmmm....interesting idea.
HearingEveryRhyme 11 months ago
@HearingEveryRhyme: LOL...you would be funny if you weren't so misinformed. Let me ask you this...What about when a child gets hurt the parents take the child to the hospital. The parents have insurance but the insurance company refuses to pay? This happens all the time It's called 'rescission'. The parents thought the insurance company paid the bill. They usually don't know they owe until they check their credit report.
Also what about ID theft?
TheWarOnDebt 11 months ago
I have a student loan that the debt collector is chasing me for. I paid on it for ten years without missing ONE month then lost my job an started having problems finding a job paying as much as I was making before. when the debt collectors found me I told them I was willing to start paying the same amount I was paying the lender before I lsot my job but they try to tell me they want more than double that amount. I told them 'fine chase me'. now they been looking for me for 3 years..
SunimZen 1 year ago
You go guy, only the ignorant and the ... how shall I say, wimpy, are the only ones who bow to the jackals. I have been dealing with "debt terrorist " for years thanks to two exwives, so I learn all I can and lately have opted to help others in similiar circumstances. A little knowledge goes a long way.
unclefixer 1 year ago
@unclefixer Thank You! Appreciate the feedback.
TheWarOnDebt 11 months ago
Just tell people to not pay their bills ever. That will really help our economy.
Brux2Golf 1 year ago
@Brux2Golf Did you hear me say to not pay your bills? What were you listening to? We say "pay your bills" in the video annotations....Thanks for watching.
TheWarOnDebt 11 months ago
Why don't you just pay your fucking bills? Or here's an idea if you know your not going to pay a credit debt back than don't take it in the first place!!!! This guy is making it seem like the bill collector is the bad person, they are just doing their jobs, something the debtor should be doing.. This guy is a fat fucking nigger
ChicagoMike85 1 year ago
@ChicagoMike85: LoL it always amazes me that IGNORANT racist fucks like you have nothing better to do but spit ignorance. It's really a COWARDLY move to call me that when you don't even have a profile picture up. I bet you are one UGLY son of a Bastard...I'm sure of it.
As far as paying your bills, you must be a dirty debt collecting scumbag. Biased by your need to feel superior to everyone else...I bet you don't have a life and spend your time trolling youtube looking for kicks. Coward.
TheWarOnDebt 11 months ago
listen up peeps....DO NOT EVER "REPAY" A CREDIT CARD!!! There is NOTHING to repay at all. They use YOUR SIGNATURE to create money out of Thin air, and then act like they are "loaning" you money. This is the biggest fraud in history. And by the way...it is not YOU who "owes" the debt, it is a paper fiction styled after your name, which is really a commercial entity and a legal fiction. You can rightly dispute any claims of indebtedness because YOU owe NOTHING
mshafer1021 1 year ago
Nice try in your attempt to alleviate personal responsibility. Thats another reason why our species is so far down in the shitter. People dont have the balls to have integrity anymore.
tfergusonc 1 year ago
@tfergusonc: Nice try. I believe in personal responsibility but also in corporate accountability.I teach people how to pay less than what is claimed to be owed. I teach people how to pay their bills smarter.
TheWarOnDebt 11 months ago
Wow, thats intense. I am a debt terrorist, but I have never harrassed anybody. I guess the collection industry operates a little differently in New Zealand. We chase debt from people that owe creditors money. We provide a professional service to both our client and debtor. We concerntrate on debtors who owe money but wont pay, not cant pay, big difference. If a debtor cant pay, its up to the creditor to decide on how to proceed, not the collector. Professionalism & empathy is key.
TheGoldnetedge 2 years ago
Nice job with this! Check out our cartoons on debt collection.
ThePeoplesLawSchool 2 years ago
@ThePeoplesLawSchool: Thanks I will!
TheWarOnDebt 11 months ago
dude we call because you deadbeats never call our customer or our agency. call us a terrorists but we garnish your asses all the time and laugh to the bank! if you were smart you dumbass tell these deadbeats we have collection software that all we do is plug their social security # and bam we have their employment and then when you ignore us we just garnish! plain and simple! listen to this kook and get sued. tell me if im wrong? i been collecting for 15 yrs.
MrSICKMOTHERFUCKER 2 years ago
How do you become a prepaid legal associate? I can be so naive. When I first got calls from Mel S. Harris, I freaked too much to think about verification. I paid, became unemployed, husband's hours were reduced. They put a judgment against me without sending a summons. Sometimes things happen to people. If we are to stop borrowing money, then that includes most of the nation. I am trying to improve myself by going to college for criminal justice. I hope to help others in my shoes one day.
GTGCleoDara 2 years ago
Comment removed
GTGCleoDara 2 years ago
I got a question I had a Law Firm call me on my Debt from a Gym Contract and I looked up the # they gave me as well too They do not show up on my caller ID and I looked up the Lawfirm name and such and they where telling me I will default by the court of Law and I do not live in that state anymore and then he Left me another Harassing Call telling me Its in my Best Intrest to call them Back???
Is that going against my Rights??? and Im currently Unemployed and he told me that is no exuse
DareDevilWithoutFear 2 years ago
I am a debt ' terrorist ' and you are wrong. alot of debt is legally pursued and collected involuntarily
slickvoodoo 2 years ago
My checking account was liened and garnished by a Chicago collection agency. The woman who processed it enforced it without a summons (I moved...wasnt at my old house to recieve it). The second my tax money was deposited, I couldnt touch it. They summon EVERY SINGLE BANK IN THE STATE AND IT IS A COURT ORDER LIEN...you cannot run from that. Oh, and im also a bill collector. It was funny to be on "the other side" so to speak.
billdiana 2 years ago
I never thought of thinking about debt collectors as terrorists. It does make sense though, those bastards cause more fear in this country than Osama Bin Laden ever could in his wildest dreams.
eitkoml 2 years ago 3
Bud Hibbs is my hero
PGMEagle 2 years ago
Alot of truth but your blowing this outta proportion. First off debt terrorist sounds like those that go around running up hundreds of thousands of dollars, then change their social and name. Now that's more like a terrorist. Sure everyone falls on hardtimes, that's life. Get up Dust off and move on.
ethereal2007 2 years ago
Please view my 2 videos (on my channel page) regarding a DEBT COLLECTION SCAM!
anonymousevangelist 2 years ago
Thank you for this video. Debt collectors are out of control, and I used to be in collections! I am a finance professional who volunteers at a free finance office for people who can't pay my normal fees. Some of the stuff I have seen lately, is clearly over the line. I helped one individual prove that they didn't owe a bill they already paid, but the collector still kept calling?! There have also been several people hounded for the debts of their dead relatives, that they DO NOT owe!
bynddrvn5 2 years ago 2
you are so full of crap! i work at a law firm and we do file wage garns, leans, and take away your license. try to get your facts straight before you tell more lies, but then again people pay your bills!!
walkpantera88 3 years ago
@Walkpanter88, Yeah you take advantage of people who have fallen on hard-times and are unaware of their rights. That's why we are also Pre-Paid Legal Associates.
My facts are straight and based on the FDCPA, FCRA, and many other Federal Laws. I used to battle Law Firms everyday when I worked at a Bankruptcy Law Firm myself.
If you work at a Law Firm, you're just mad because I speak truth. But I warned you in the Video...lol...
TheWarOnDebt 3 years ago
@walkpantera88 take away what license???
MrDriller36 1 year ago
So can debt collectors get court summons? Or does it just say it on the letters? How long would it take them to get a court summons?
Demolitionhick 3 years ago
@Demolitionhick, Excellent question. Yes, Debt Collectors (or any person) can 'file' a 'Complaint' with the Court against anyone else.
Debtors can file a Lawsuit against Debt Collectors and 1st Party Creditors as well.
In my experience at a Bankruptcy Prevention Law Firm, I've seen frivolous Lawsuits filed by Debt Collection Attorneys a few times Thanks.
TheWarOnDebt 3 years ago
There are no victims...just volunteers.....You don't pay your bills....yes you know clearly they will call you. Get some honor and pay your bills and stop being the the Victim..that probably why your broke. Change your attitude.
angelnyca 3 years ago
@angelnyca: No one said "victim" in our videos. Where did you get that from? We are Debt Warriors - Volunteer Champions for the cause!
It always amazes me when insecure people with no profile picture or videos of their own makes these platitudes based on irrational information. These kinds of people engage in Voluntary Ignorance and denial.
I hope you're not one of those people, but it seems to be the case. Do yourself a big favor, stop being a victim of ingnorance? Thanks.
TheWarOnDebt 3 years ago
If you don't owe the bill supply proof and the bill collectors still go away. People villify collectors but we are hard working people trying to feed our families with honest work like eveyone else!!!
reggiebraz 3 years ago
@Reggiebraz: the "Burden of Proof" is on the Debt Collector. Under U.S. Law, the DT has to provide the proof - not the Debtor (you should know this already) But I'm happy to inform you:)
Being a DT is not honest work! There may be some honest ones, but they don't last long in that work.
Many DT's are in denial about what they do.
TheWarOnDebt 3 years ago
Yes you are correct the burden of proof is on the agency IF the debtor reqest proof in writing within 30 days. But, let me inform you, the vast majority of debts that are placed in 3rd party agencies are legitimate. While there are some unethical collectors and agencies, just like there are unetical debtors (credit criminals) the majority do follow the law. By the way in most states calling neigbors or family to leave a message is legal as long as the debt is not discussed.
reggiebraz 3 years ago
fuck that pay your bills on time or when you want a nice car or house for you and your kids you can get it. dont buy into this shit , if you cant pay for it dont get it.
bigworm05 3 years ago
Bitworm05, Suppose you brought a Black Boxer for say 3,000. You took it home and fell in love with it. After 30 days you learn that the seller charged you 3 times what you agreed to pay ($9,000).
You weren't expecting to be charged that amount and because of that (or job loss) you can't afford the new higher debt. This happens to unsuspecting Consumers all the time.
Next let's say that you're a Big Bank or Credit Card Company (eg Captial One) who just got a Gov Bail-Out? Why? Any answers?
TheWarOnDebt 3 years ago
That comment doesnt make any sense who buys something without ready your agreements?? i bought my boxer with 700 cash!!! bottom line upfront if you get a credit card read the fine print and pay your bills stop trying to get over.
bigworm05 3 years ago
People buy stuff without reading the agreements all the time. We tell people to have all contracts reviewed by an Attorney. If you would just open your mind and learn about what were saying, I'm sure you'd agree. But until you come around....
We are not trying to get over. The Banks have beat us to the punch with the bail-out. We teach people how to responsibly pay their debt (only what they do owe).
Fact: Many DT's use dirty tricks like putting false information on Credit Reports.
TheWarOnDebt 3 years ago
Agreed
greyfox37 3 years ago
I hope you open a store, I'll buy a lot of your merchandise, and then when you asks for your money... I'll run away yelling DEBT TERRORIST!!
TheMightyPuppy 3 years ago
How about this? We open a store, you buy a lot of stuff and then we "over-charge" and "double-bill" you. Next I'll retroactively raise the price to triple of the areeed price. Then well charge you extra fee's for doing business with us.
After you can afford to pay, we will charge it off to a DEBT TERRORIST, and they will call you.
TheWarOnDebt 3 years ago
it's *summons----not *summonds.
sivatmin 3 years ago
Yeah, spelling error. It is "Summons".
TheWarOnDebt 3 years ago
It is legal for a bill colector to call. 1st of if you owe anyone money you have to pay it. If you dont that company that you owe can take you to court. This dude doesnt know what hes talking about. Check your state law.. Shit happens and people fall behind but its a legal obligation to pay or you really will be ass out!!
757skittles 3 years ago
We never suggested anyone not pay their bills. We show people how to manage their debt for themselves.
TheWarOnDebt 3 years ago
If you owe the bill pay it and and the bill collectors will go away
reggiebraz 3 years ago
What if you don't owe the bill?
TheWarOnDebt 3 years ago
besides, you seem to think that agencies make up debts that people dont owe...they dont need to, there is more than enough legit debts for companies to collect on, why would we make up fake ones? it is wrong to call neighbors and disguss debts, it is legal in most states to call jobs, and call between 8 am and 9 pm as long as you onlt call once, and you can call other people but cant disguss a debt, the only letters sent are bills, it is illegal to threaten jail, but pre-legal debts will be sued
oscy999 3 years ago
Yes. Companies do make up debt. It's a form of I.D. Theft. It happens all the time. There are legit accounts to collect on. We show our clients how to work with you folks, in their own best interest.
You should consider joining us.
Thanks for your respectful points.
TheWarOnDebt 3 years ago
ok well if they make up debts its not something i know about or am any part of i dont want to do anything to further their wrong-doing...i think what some collectors and companies do are awful, if somone tells me they dont owe something i make sure to get them the proof within 30 days, i havent run into any made up debts yet, not to say that doesnt happen...i am watching more of your vids, i shouldnt have said u are wrong, these vids are great for people who are getting tricked by companies
oscy999 3 years ago
Ok i am a bill collector, before our company even calls any debtor we make sure we sent a letter to the address expressing exactly why we are going to call...aka proof that they owe a debt. secondly no they dont us us directly, but if i asked my brother to call my friend and ask him for money he owes me because i am busy and dont have time to call myself, that makes my brother a terrorists?? you guys do EVERYTHING wrong and you are pretend you are education.. i do like that u respond to comments
oscy999 3 years ago
Thanks for the honesty. It's admirable. If you'd ad a picture of yourself - ever better.
Sending a letter is no proof of any debt, you know that. I get mail all the time at for people who no longer live at this address and who are not at all related to me. People I don't know.
Usually the Debtor in question doesn't owe you at all. You have no business profiting of off peoples pain. You've never attended any of our courses, so how would you know what we do? You're too biased. Thanks.
TheWarOnDebt 3 years ago
Debt terrorists ? dont you think that's a bit extreme ? You should make something clear, that technically the debtor doesn't owe the collector but the collector is calling on behalf of a company which you do owe money too (unless it is fraud obviously) People should stop borrowing money they don't have. I find in the U.S. that people seem to love getting and spending the money but don't like paying it back....
mcrmay1107 3 years ago
mcrmay1107, Extreme? Not as extreme as Debt Terrorist. Are you one? lol... You make a great second point. We show people the technicalities of debt settlement.
you're Canadian? Are you living in the states? If you are and you have a credit card, have they "stripped" your available balance yet?
Finally, APR's are being raised to the extreme. People's rates are being raised forcing them into debt. It's not the borrowing, it's the lenders jacking up rates.
Great comment overall.
TheWarOnDebt 3 years ago
How about this, don't use money that you don't have/ or can't pay back! That is called stealing. Try paying your bills. Theres your solution.
imaguglielmo 3 years ago
Imaguglielmo, we agree. It's best to not borrow money at all. But you haven't done your home-work. Fact. Businesses use money that they can't pay back too. This is why there is a "credit freeze" in the markets and Bail-outs for big businesses. Humm, what about that?
How about this? force the Debt Terrorist to Prove what is owed. Many-times mysterious fees are placed on 2nd Party accounts.
Finally, we show people how to settle their debt, in a responsible way, for pennies on the dollar.
TheWarOnDebt 3 years ago
damn dude, i work at a collection agency and its insane for you to call me a terrorist, i call people and ask them to pay what they owe, and if they say no, i say "Ok" notate the account that they arent paying and move on, in no way am i a terrorist, i used to be a marine you arrogant f*** calling me a terrorist, u realize collectors are also in debt and recieve calls, but they need jobs too,
oscy999 3 years ago
Hey, thanks for the thoughtful comment. But you're forgetting one thing. The Debtor doesn't owe the Debt Collector anything.
What if collector started calling you about money you owed your parents? They obviously wouldn't have any business calling you about money you owed someone else.
I like your style of debate. I like that you note the account and move on. But trust me your bosses are gonna ride your back until you become a Debt Terrorist. Become a Pre-Paid Legal Associate and help people
TheWarOnDebt 3 years ago
thanks. I like this. "debt terrorist"
wealthofthenations 3 years ago
this guys awesome
ZOGMACHINE88 3 years ago
I just have to say, as an objective 3rd party, that this is mostly really bad advice. I am not a debt collector nor am I a debtor that has defaulted on debt. I do have intimtae knowledge of civil court procedures in all states and I see credit card judgements leveled and enforced 5 days a weeek. On Friday there was 17 small claims credit card cases. 16 ended in a judgement for the plaintiff (the creditor or the credit card company). We didn't get to #17.
pbeale24 3 years ago
Nice way to try and scare people. We provide "information" about our Rights as American Citizens - not advice.
You failed to mention (as one whom claims to know) that the biggest reason why judgments are "leveled and enforced" is because people can not afford a Lawyer, or are intimidated and not aware of their Rights as "defaulted debtors".
You also forget to inform people that in small claims court, there usually is a mediator before you meet the judge.
Don't be scared - be prepared.
TheWarOnDebt 3 years ago
When is early? When is late in the evening?
rocket8653 3 years ago
It depends on the State you live in.
TheWarOnDebt 3 years ago
fuck the government, fuck debt terrorists, fuck collection terrorists, fucking corpies and their greed all they care about is money, they dont give a fuck if your family member died, they dont care if your ill and cant work, they dont care. the only thing they care about is MONEy. what is money? money is what makes a man act funny, moneys the root of all evil
prozzak2006 3 years ago
Just settled my case against a debt collector. Had to sign a confidentiality agreement. Fun turning the tables on them.
coltfan1972 3 years ago
Awesome! Way to go! We should talk. ~ J.
TheWarOnDebt 3 years ago
well if you cant pay...are you still a bad person...???
pentogram23 3 years ago
With Unemployment the way it is, nobody is a bad person for not being able to pay their bills.
TheWarOnDebt 3 years ago
Let's not forget the bottom feeders that buy up old debts from companies who probably by now have already written it off as loss on their taxes long ago. Makes you wonder why the Feds let them do that after they already gave the original debt a tax break. Isn't that a sort of tax fraud? You know the ones I mean, they usually can not speak English worth a shit. Good video, very informative.
radstorm 3 years ago
Thanks. I do think it's a FRAUD! The business gets the write off and then sells it to the BOTTOM FEEDERS for pennies on the dollar. You make a good point! I've worked against hundreds of them. I know EXACTLY whom you refer too...LOL... They will work with you though...Great comment! ~ J.
TheWarOnDebt 3 years ago
Cut up the cards, but don't close the accounts. Closing the accounts will hurt your credit score. Great question!
TheWarOnDebt 3 years ago
Did I say that? No. I didn't.
TheWarOnDebt 3 years ago
ARIYANNE, If they owed me money - yes. But if they didn't I would LIE and say they did. Do some home-work on the Fair Credit Reporting Act. Also, we teach people how to pay their bills responsibly.
TheWarOnDebt 3 years ago
oh god.. if someone owed you money you wouldnt want them to call you a debt terrorist lol this is ridiculous .. Nice how you tell people NOT to be responsible or pay your bill
Ariomatik 3 years ago
I am kind of offended at the term debt terrorist, I am a debt collector and my goal is to collect the balance but we waive late fees, defer pmts, etc. In fact we ask why they got behind and then we say we understand. I hope you don't bunch a whole group of people into your sterotype.
brentwill77 3 years ago
How many people do Debt Collection Terrorist offend trying to collect a debt was never validated?
There are some "good people" doing bad jobs". Maybe you're one of them.
Thanks for the comment.
TheWarOnDebt 3 years ago
recently saw 3 big! debt collectors turn up at a location turns out that there was identy fraud and they had the wrong person. the debt guys tried to remove a items from his house wrong move as his family where at the location for a party 12 big ex/reg army at on point a saw debt guys teeth fly out, one had a broken nose+leg+arm they third ran but was caught they draged him back to his van smashed that and him inside it and that poor bastard still in hospital. These 3 debt guys where huge
rdt1970 3 years ago
RDT1970, That was a funny story. Thanks.
TheWarOnDebt 3 years ago
if that is true,that would have been cool to see.
ZOGMACHINE88 3 years ago
Good Job, This is a great video, I'm telling everyone about this
Shadybest 3 years ago
now I know why you placed those clips in your videos saying that you are not telling people not to pay their debts.
allbycreditcard 3 years ago
I understand why everyone is buying into this. Many of us are in debt and we want someone to tell us its ok not to pay our bills. But we know that its not ok. We know that we sign contracts agreeing to pay later for goods and services recieved. Then later comes and we can't adhere to the agreement. The creditor, however, can and does. This results in everything from letters to liens and should come as no surprise because WE signed for it. Best way to stop a bill collector, PAY YOUR BILL!
z073446 3 years ago
Don't take our word for it look at what is going on around you:
Recently the Federal Reserve Board received an astounding 56,000 comments from Americans regarding credit card practices. The response broke a record - this is the most comments the Fed has ever received on any of their proposals!
The fact is many people don't know what they've gotten into do to lack of knowlege for them and lack of disclosre by "Credit Predators".
We help people PAY THIER BILLS IF THEY OWE THE DEBT!
TheWarOnDebt 3 years ago
debt collectors buy old debt for pennies on the dollar, and call/send letter that states they do have authority without ever providing the backup paperwork and seek to collect, they double the amounts originally due, so $500 can become $1000 and they can freeze your assets for double that. so $500 can become $2000 and you should never ever pay them. they are the maggots of the legal/debt industry and they know it. they make me sick and lie. no one owes them a f**king dime - demand proof!!!
owtang 3 years ago
You don't have to have debt to live in America. In fact debt as we know it didn't start until the 1920's. In 1913 the Federal Reserve Act was signed that changed the American economy.
TheWarOnDebt 3 years ago
lmao it is fair debt collections practices act dumb ass and debt goes back to caveman times. LOL
Ariomatik 3 years ago
I've seen your profile and I can tell you are kinda slow. So try to keep up now.
There are many issues and Laws surrounding Debt and Credit. The Federal Reserve Act is a DIFFERENT Law that from the FDCPA.
Go back, read the comments again. Maybe read them slowly this time.
TheWarOnDebt 3 years ago
Luxury, clothing, salon services, cigarettes, fancy coffee drinks, dining out, cutting edge communication/media services, illicit substances, alcohol, "beyond your means" housing, driving a car instead of taking the bus, etc etc . ! Live simpler, plainly, and humbly until you pay off your debts and can afford all of those luxuries. It is the excessive debt defaulter that ultimately makes my interest rates higher, and that makes me ill.
blueparakeet38 3 years ago
I agree with most of your points about living below your means. But it's not only the excessive defaulter who makes your rates higher. Many Creditors raise rates because they know that debt management is a daunting and confusing task.
Then there are issues like "double billing cycles", predatory lending, "addendum stickers (for autos) and please don't forget medical debt.We do encourage "sustainable living" in the next few weeks we will be doing a series for that. Any suggestions? Thanks.
TheWarOnDebt 3 years ago
Is this real? Is there some sort of complicated satire I don't understand? If so, thanks for the upload, and I will spread the word.
doodyl9 3 years ago
We wish we could say this was a satire. We wish we could laugh about it. But it's real and it happens to millions of unsuspecting Americans every single day.
Thank you for spreading the word.
TheWarOnDebt 3 years ago
this TheWarOnDebt guys is really busting his ass with his biz. Good shot! It really is a crapshoot, though, due to many creditors (Cap1 just to name an example) who CAN and WILL file suit on anyone. If you have a mortgage or work in a garnishment state it can get hairy. NOTE TO DEBTORS: MOVE TO TEXAS
billdiana 3 years ago
Thanks. We do work hard to help educate people. But it's not just one person.
We are also independent PrePaid Legal Associates. We help people (if they are sued) to find a top-notch Lawyer in their state to represent them.
In fact, I just got back from California helping sue someone who was being harassed.
Thanks again!
TheWarOnDebt 3 years ago
your only creating more debt by paying off your bills... no joke.
HOW do you know what kind of bills you have to pay, if that claim you owe them, ask them where, also third parties that seize property have NO POWER to do so. they are a third party, you didn't contract with them so they have no power- that is equal to MAJOR fraud
Matanumi 3 years ago
I'm confused.... who's side am I being portrayed on? even a side at all!?
anyway, I suck with spelling, my bad. interesting video, esipcally how the guy uses his hands to talk
Matanumi 3 years ago
Man i'm speechless .. Do you think it's right to steal? That's what these "debtors" are doing .. What's the point of your video? To promote the debtor lifestyle? If you loaned someone $2,000 and it has been 6-8 months before you have even spoken with this person , what would YOU do ..?
People , don't listen to this dirtbag . It is GOOD to pay your bills .
mmathia0 3 years ago
You CAN'T be serious. LOL. You didn't watch the whole vid!
We teach people how to pay their bills. We even show them how negotiate and eliminate their own debt for themselves. We ALSO give people the same software used by Debt Consolidators.
Most importantly, we tell people about their rights under the FDCPA, FCRA, FACT, and ECOA.
Watch the video? We know you didn't. You saw a Black Man on the screen and resorted to posting guilt/fear comment. People shouldn't listen to you - not us.
TheWarOnDebt 3 years ago
your just silly and ignorent
have fun paying your bills ignorently. just know that there is another way
Matanumi 3 years ago
LOL...You spelled 'ignorant' wrong. We all make spelling mistakes from time to time.
We actually teach people how to pay their bills responsibly. What have you done to help anyone.
You shouldn't be a critic of something you know nothing about...that's just ignorant.
TheWarOnDebt 3 years ago
MMATHIA00 is a debt collector. Don't listen to him. Debt collectors rarely can prove you owe anything. Hire a consumer lawyer. They can usually make the debt disappear even off your credit report.
aeshell1 3 years ago
It's very presumptive (look it up) of you to assume that I have debt. It also shows that you're a Debt Terrorist.
You also lie when you say they don't leave threatening messages. I know because I worked in a Bankruptcy Law Firm and clients have sent me copies of the messages left by Debt Terrorist.
You're probably at work now, or just got off work and your life sucks. So you come at us with this BS comment. We specifically tell people to pay only what they owe. What about the FDCPA?
TheWarOnDebt 3 years ago
dude what makes you so special that you don't have to pay what you've used? DC's dont call & leave threatening msgs. they leave standard msgs which they are legally able to do by law. ur pathetic. U obviously have debt & ur mad (which is typical for deadbeats who are happy to get credit, but feel "harassed" when the bill comes). you're disgusting. if it's off your cred report...i've got news for ya...it's still owed. know why? 'cause you used it.
datgurlky1 3 years ago
Dude, what makes you thing that we're telling people to not pay their bills?
You lie when you say that they don't leave theatening msgs. That's why there is a U.S. Federal Law called the Fair Debt Collections Practices Act [FDCPA]. Consumers CAN be awarded damages of up to $1,000 for each violation of the [FDCPA].
Fact moron: 75% of Credit Reports have ERRORS and FALSE information on them. 25% of these errors damage peoples credit standing. Thats why there is an FCRA!
DEBT WARRIORS!
TheWarOnDebt 3 years ago
Be careful if you are applying for a federal job, it is much easier to garnish your wages for debt collector. Make sure you look at your credit report before you apply for any federal work, so you can find ways to not get you pay garnished.
BiggBrotha 3 years ago
and they follow the law. ok, hey you spent some money on a credit card or a medical debt, so pay for it or it will effect your credit. so it will cost you more in the long run. Can you grab a pencil and figure out what a home loan cost with a 6% loan rather than a 5% loan. why don't you do a video on how much money you cost someone who wants to improve thier life. instead of screwing it up.
davemn76 3 years ago
You make a worthy challenge:)
We don't use pencils. We use software. In less than 10 minutes I did some calculations per your challenge.
I analyzed a $200,000 Loan at 5% and 6% with a minimum payment of $1,005 every month.
At 5%, you'll pay a WHOPPING $363.368 in INTEREST 626 months.
At 6% expect to pay an OUTRAGEOUS $868,637 in INTEREST! 1,064 months.
Pay MORE than the minimum payment if you can?
Great comment Thanks!
TheWarOnDebt 3 years ago
I am currently trying to get out of debt right now using the dave ramsey debt snowball. However I am the one who put myself in this situation. I realize the point you are trying to make in this video. But even though harasment is against the law, am I not morally obligated to pay these off? Thank you. Good message by the way.
Oct31st1517 3 years ago
I like Dave Ramsey's' ideas and opinions and moral teachings, but I also disagree with some of his suggestions (i.e. cutting up or closing credit cards). As a Professional Credit Card Negotiator, I know that closing an account hurts your credit score because length of credit history makes a major impression to lenders.
What's your review on Dave Ramsey's' Courses?
Thanks for the feed-back!
Best regards,
J.
TheWarOnDebt 3 years ago
Lowlifes??? A lot of the bill collectors are just doing a job and trying to make ends meet. Most probably depend on their jobs to support their familes.
garneroutlaw 3 years ago
Debt Collectors are required by Law not violate the Fair Debt Collections Practices Act [FDCPA]. What do you call a person who willfully violates the Law? Answer: a Low-Life.
The FDCPA leaves plenty of room for Debt Collectors to collect trillions of dollars of debt.
There is no need for anyone to violate the law to make a living. Once you cross that line WE consider you a Debt Terrorist.
Nice comment :)
J.
TheWarOnDebt 3 years ago
Just like he said coming from a debt collector. IT IS AGAINST FEDERAL LAW FOR COLLECTORS TO CALL YOU AT UNUSUAL TIMES OF THE DAY, and yet so many times they get away with it because they are so intimidating. THE LAW IS ON YOUR SIDE MY FRIENDS, YOU ARE IN CONTROL OF YOUR MONEY NOT THE COLLECTORS.
jinkasima 3 years ago
It sucks I wish I would have seen this movie before. What do I do when I've already committed to a payment arrangement, but defaulted on them. See there is one benefit in working at a collection agency, it's that I know all the little inside tricks collectors use. I also always help my family members write disputes to collection agencies. But what if it already is verified that I owe the debt, and I've already committed to a payment plan?
jinkasima 3 years ago
You did the right thing by settling this debt. Next time, "Validate" the debt before you agree to make any payments. This will prevent them from overcharging you for the account.
TheWarOnDebt 3 years ago
Yea I have another collection agency after me now, I downloaded the CCDV letter, This is an attempt to correct your records any informatin obtained will be used for that service, haha I love it!
jinkasima 3 years ago
and you are right there are some BRUTAL collectors out there .... trust me i have heard it and dont agree with it at all .... i always took it as more of trying to offer help but i was outnumbered .... the word terrorist i feel is a bit to much just based on what we have gone through with terrorism is all .... thanks for the responses !
summerizer69 3 years ago
thank you for your professionalism .... i just took some offense to being called an idiot and so on .... i appreciate what you are doing and for responding to me properly .... i hope your business works out for you ,..... good luck
summerizer69 3 years ago
people need someone to guide them through there issues when it comes to dealing with credit ... however i have seen a lot of third party companies who give advice and take peoples money and it doesnt make there situation any better ..... i hope u guys arent like that and u are doing a good service to the people .... however calling people idiots and terrorists seems like you are doing the same thing you are trying to fight against .... that being name calling and demening people ....
summerizer69 3 years ago
and you are TOTALLY right that there are lots of really bad bill collectors out there who break the law and are bad people .... just like there are bad cops, lawyers, factory wworkers, janitors and everything .... there are also a lot of hard working people trying to work so there families can eat .... and calling these people terrorists when they are simply trying to work a job is pretty low ... there are some people who work in the industry who actually try and give good advice ....
summerizer69 3 years ago
This is a great response! Well thought out. You responded very intelligently. Thank you.
But they really do terrorise people. They call people really foul names. Not me personally, but while working on behalf of clients I would listen to recorded calls of Debt Terrorist saying things to people that were heinous.
TheWarOnDebt 3 years ago
Get another job. I'm an Independent Associate with Pre-Paid Legal. I also teach people how to settle their debt for themselves. You can do the same thing and still feed your family. God Bless you. You don't have to be a Debt Terrorist.
TheWarOnDebt 3 years ago
While in university I worked in a collections agency to help me get my degree in poli sci and law to become a police officer... as a bill collector not a 'terrorist' (you do realize that term is referring to people who commit acts of genocide right? like the thousands who lost there lives in 9/11 not someone who makes calls form a call center) .... i think that there is no need to call me an idiot then talking about being respectful ... when u show none at all ....
summerizer69 3 years ago
We have the highest respect for our American Police, Servicepersons and 1st Responders. You are not a Debt Terrorist - anymore...lol. You're one of the good people protecting us. So are we.
Listen officer, we have no beef with you. We have beef with these 3rd Party Debt Terrorist who violate the law.
Thank you for your service to our Nation within your community.
TheWarOnDebt 3 years ago
I have never seen such unprofessional behaviour in my life .... you call someone you dont know an idiot and rip what they have to say when they are giving advice on how to help them with collections calls .... becuase in the video you rip on the collections business and someone who isnt educated on credit might take your advice as to just not deal with there credit issues ....i was trying to throw in my 2 cents and offer some help
summerizer69 3 years ago
if people dont want debt collectors calling then i would say dont get credit u cannot afford to pay back.its more the lenders who are to blame and are paying now for lending to creditors who are never gonna pay it back.
mdddpd 3 years ago
For this response, let me refer you what Americans For Fairness In Lending have to say about this today [07/01/08]
Americans are telling the Federal Reserve Board in no uncertain terms that they have had enough of these tricks and traps.
Consumers are demanding strong federal regulations to ban the most egregious credit card practices—doubling and tripling interest rates, applying these higher interest rates retroactively to outstanding balances, imposing exorbitant penalty fees...
TheWarOnDebt 3 years ago
Where did you get that from? We never said that. You should pay what you owe. But sometimes you don't owe the debt. For example, when your insurance company denies coverage for no reason, you're stuck with the bill. Then the DR sells it to the Debt Terrorist and you're like "wait" I have insurance, why do I have to pay for this.
Debt is about more than credit loans.
Again, we don't advocate not paying your bills.
TheWarOnDebt 3 years ago
Thank you! That's what we were hoping for.
TheWarOnDebt 3 years ago
What's pathetic is the fact that minion like you don't question authority - you see someone trying to make a difference and you find a reason to hate.
LISTEN UP: We help people settle thier debts [for themselves]. We help people pay what they owe but sometimes the debt or the amount is no owed. That is why there are laws to protect consumers from Credit Predators and Debt Terrorist.
Your petty little words won't change what we are doing. Tell all your Debt Terrorist buddies to get a life.
TheWarOnDebt 3 years ago
Listen IDIOT! We've never told anyone NOT to pay their bills. We help people settle their debt for themselves. You must be a debt terrorist who's afraid someone you've been harassing might see our videos.
You said "it comes down to being honest and responsible". How honest is it when the credit card company jacks up the rate for no good reason? Why is there a Fair Credit Reporting act? Because credit pretators are NOT as honest as you'd like to think.
I brough my head-set with cash! Jerk
TheWarOnDebt 3 years ago
alright.... this video makes valid points .... however i am pretty sure this guy is looking to make some money off of his 'knowledge'..... a few points here ... most debt agencies have lawyers and if the client allows it legal action can be taken against you if the debt is big enough and some collectors can recommend legal action ..... however want some free advice???? ask for the collectors agency address and send in a cease and decest order and they cant call you anymore. Or pay your bills
summerizer69 3 years ago
Yes. We do offer "Do-It Yourself" Debt Settlement training. We have no reason to hide from that fact. We offer the only method recommended by the Federal Trade Commission.
We offer a free course as well "Operation Stop Debt Collector Harassment". It provides a Cease Communication and Debt Validation Letter.
We agree with paying your bills. But we say pay only what you owe.
TheWarOnDebt 3 years ago
RIGHT ON BRO! GIVE EM HELL!
karbyk62 3 years ago
We WILL! Thanks!
TheWarOnDebt 3 years ago
this is probably against ur general ethos but ive leant a friend a sum of money months ago and they refuse to pay it back. i dont want to be a "debt terrorist" but i wanna know how to properly go about getting my money back from them wif out even going near those scare tactics.
jryles06 3 years ago
If someone owes you money they should pay. You don't sound like a 3rd Party "Junk Debt Buyer" [aka Debt Terrorist].
Try sending them a letter requesting payment. If they don't respond send a letter demanding payment.
But don't charge excessive interest and fees retroactively and we won't consider you a Debt Terrorist.
TheWarOnDebt 3 years ago
I had a debt collector called an said that they were an attorny an said i ow ed a debt from a credit card so i told them show me proof that i owed this debt
i need to see recipts signed by me from every transaction .They said they didnt have too show me any proof lol ..so i told this dude who claims he was a lawyer for the collection agentcy. contact my lawyer that my lawyer was waiting on his call
he never called again lmao
KyBigCat 3 years ago
That is exactly why we provide information about "Debt Validation" and Ceasing Communications. People need to know their rights. We're glad you've decided to fight back!
TheWarOnDebt 3 years ago
listen i am a debt collector by choice...i love my job...there is nothing illegal about what i do...the problem is all the people out there that run from their responsibilities!!!! sure there are people who actually do have a good reason for stopping payment on their loans or credit cards and those are the people that do the right thing and make arrangements to repay what they owe...then there are the people that are complete scumbags and open things and make the minimum payment one time.....
willilymack 3 years ago
One word that makes collectors cringe... BANKRUPTCY! No mo, no less, one word then click! BWAHAHAHAHAHA!
Doinkblink 3 years ago
Simply give up your landline phone and use Skype with Call Blocking. This will solve the harassment-by-phone problem. They are too lazy and cowardly to come to your door...
tsilimon 3 years ago
I've seen many of your other videos and I liked them, but this one made me a little mad.. I was a collector for a mortgage company, and many of the things mentioned here did not apply to us, like payment/bonus did not depend on ammount collected, And by no means we tried to intimidate people, just trying to see what the problem was and tried to help them if we could, however we still got many responses of people full of rage and this kind of videos will make more people have similar responses.
dunkelblau2006 3 years ago
Thanks for viewing and taking the time to vent in a respectful manner. You seem like a good person based on your comment. I hope things go well for you.
TheWarOnDebt 3 years ago
hey darth scoobs, you must eather be a credit terrorist yourself or you never been in this situation b4 this guy is trying to help us if we are in this situation, and we dont need rude people like you coming in here and telling everyone otherwise. im only 15 and they tryed scammnig me out of nearly 100 dollers! this was a very helpful video, thanks!
masterbib1 3 years ago
debt collectors can speak with the debtors spouse in 46 states i believe. of course its urgent for them to pay,9/10 debtors have money and have had money to make payments on there accounts and never do, then collectors call them and they scream at them, threatening there personal well being. But thats ok right
nelson581 3 years ago
I'm here to serve my country! Tell them to call me.lol.
Thanks for the comment.
TheWarOnDebt 3 years ago
I don't have debt trouble (ok, maybe student loans). I was a Legal Assistant in a Bankruptcy Prevention Law Firm. I've heard the cries of strong men becuase they didn't know how to get out of debt.
You should do a video on this "Legal Request" you speak of. Put your effort where your mouth is.
TheWarOnDebt 3 years ago
At .47 Not true, the collector can speak with your spouse except in Alabama Iowa and Mass in ALL other states the spouse is considered "consumer which means any person obligated or allegedly obligated to pay any debt.
Get your facts straight.
sunkissedbeach 3 years ago
I have my facts straight. You should check the FTC's opinion on who the Debt Terrorist can talk to. You should learn before you speak.
TheWarOnDebt 3 years ago
i can see your point but as long as their are people who dont realise nothing comes for free this will always continue. Blameing the people that lend the money is not right way to try and solve this problem.
podge314 3 years ago
We are not blaming anyone. We are just providing meaninful information to those who don't know. As a Legal Assistant in a Bankruptcy Prevention Law Firm, I realized that people file chapter 7 when they don't have to, because they are being terroirised.
Thanks for the comment.
TheWarOnDebt 3 years ago
Correct, our Federal Reserve system has always been set up to lead the American People into lives of credit and debt. The government wants us in debt so we can be controlled easier. However they can only do that if the American people submit into the plan. If you buy things you cannot afford you are sure to loose. Sign up to free credit report to make sure your not surprised by a "debt terrorist." I understand the truth. We need to read things before we sign them. Most don't and cry about it.
darthscoobz00 3 years ago
Thanks for a honorable debate.
This just in from the U.S. Office of Thrift Supervision; "The Office of Thrift Supervision (OTS) today approved a proposal to prohibit savings associations from engaging in unfair or deceptive acts or practices regarding credit cards and overdraft services that violate the Federal Trade Commission Act."
TheWarOnDebt 3 years ago
Debt terrorist? Haha...good use of George Orwell's DOUBLETHINK. Low level scumbag? Who is not making their payments? The only way out of this is if the dont actually owe the money. Thats a VERY small % of course. Represent your people!! Americans like you are the problem. Your the scumbag!
darthscoobz00 3 years ago
My people are the American Consumers. President Bush just did a speech where he said he is understanding that "Businesses have been using deceptive business practices to lure consumers into debt".
in 2007 10 million Americans were the victims of identity thieft.
Our U.S. Soldiers fighting in Iraq and Afganistan are being terroirized by Debt Terroirist.
Finally, come out of your whole and realize the TRUTH. Read the Wall st Journal, NY Times or Fortune and stop being a scumbag.
TheWarOnDebt 3 years ago
so lets say sombody buys a car and they make timely paymets for about a year or 2 they lose their job or have a problem paying the car...they decide to give it to the bank or get it "repoed" and a debt collecter calls you and tells you you owe them a ridiculous amount of mony even tho the bank sold the car off and made 3/4 of the mony back? so now your paying for somthing you dont drive anymore and that makes you the scumbag?
f2ast00 3 years ago
Good qeustion,
That person is still responsible to pay that debt back. But they can negotiate for a settlement on that amount.
They are not dead-beats. They've found themselves in a bad debt situtation.
TheWarOnDebt 3 years ago
Great. If they owe the Debt they should have to pay. We can agree on that. We ARE all in this together.
Thanks for the honest debate.
TheWarOnDebt 3 years ago
I have a strange point to make in response to your video.....UM THEY OWE THE MONEY!If someone borrowed money from you,wouldn't you want it back??Give me a break! I'm a collector,I collect credit card debts, they're the worst because ALOT of the debtors I deal with ran up the bill KNOWING they weren't ever going to pay the 15 thousand dollar account,how fair is that to the american public that pay attention to thier finances and pay thier bills? we end up paying more because of them. Thanks guy
mzunderstud1 3 years ago
Well I have another Point to make. You overlook the fact that MAYBE THEY DON'T OWE THE MONEY. Don't thank me, thank the Fair Debt Collections Practices Act. Blame OUR U.S. LAWMAKERS for Protecting the rights of unwary U.S. Consumers.
TheWarOnDebt 3 years ago
but they owe the money 99% of the time so, you might want to teach about responsible consuming instead of just getting credit cards, and payday loans just because they want to buy clothing, trips, or weed lol be responsible and pay your bills, we have you the money when u needed it
sergebombin 3 years ago
Thanks for watching. Please do your homework before you reply to my response to yours.
Research these phrases: "Predatory Lending" and "Fair Debt Collections Practices Act" and get back to me.
I've worked on the front lines against the lying dishonest Credit Predators and Debt Collectors.
Finally, it was not plagued with misspellings. I think there was one maybe two. Thanks for watching and commenting.
TheWarOnDebt 3 years ago
Debt Terrorist Name is correct. They are soo evil.
ronaldec7 3 years ago
Rick Silver co-heads a large debt-collector agency, NCB in Pennsylvania. They have a staff of low life who will torment the everyday Joe who finds himself in issues, loss of job, health, etc etc. They don't care. They want their commission on what they can get. They have no life other than making sure they are as rabid as possible. This is a sick profession to be in. And NCB Collectors have to be at the top of the crud list.
AvantiChannel 3 years ago
You are correct. It is the Mini-Miranda.
TheWarOnDebt 3 years ago
"This is an attempt to collect a debt, and any information may be used for that purpose." that is called the Mini Miranda right.
Halo428 3 years ago
The key point was PAY YOUR BILL. The banks loan federal money witch is other people's money. See if you can't afford it don't buy it. Do believe what we say we are the creditor and you signed a legal binding contract with a bank. Kids you have to pay it back... good luck
ttboy113 3 years ago