The recession has forced business-to-business debt to rise to nearly 40 percent. But that's good business for debt collection agencies, including one in Plano, Texas. (Aug. 19)
Great video and great advice from Insolvency Auditor, always seek professional advice before it is to late. Business debts are hard to get away from debt collectors so more the reason to speak with an experienced insolvency auditor. Moe Nawaz
Your right to a certain degree. If you settle the debt it does show paid on your credit report...but than again it STILL shows as a debt that is on your report...
Yes i agree, I mean isnt a consumers responsiblity to be mature when dealing with spending money? Sure there are exceptions to this rule (family emergency, staranded in a foreign country) but generally speaking "If you create the debt pay the debt!"
Tell your daughter to stall it out. the longer you go without paying the debt the less you have to settle. once a collection hits your report the damage has been done anyway...
One of 'em called me giving me shit about my daughter's debt. Told 'em she's 24 & lives 1200 miles away from me. Haven't seen her in two years. Didn't matter to him. Said I was her father so I now have to pay her debt. Bullshit. Can't believe the depths of depravity of these collectors. No wonder everyone thinks they're garbage scum.
Great video and great advice from Insolvency Auditor, always seek professional advice before it is to late. Business debts are hard to get away from debt collectors so more the reason to speak with an experienced insolvency auditor. Moe Nawaz
moenawazCOM 1 year ago
for what? this a standard industry practice and the way debt is reported.
emailbryan 2 years ago
@emailbryan the debtor obviously
badpanda84 2 years ago
Sue who? Yourself?
emailbryan 2 years ago
@emailbryan well assuming they just dont go ahead and sue
badpanda84 2 years ago
Your right to a certain degree. If you settle the debt it does show paid on your credit report...but than again it STILL shows as a debt that is on your report...
emailbryan 2 years ago
Your parents taught you a valuable lesson.
emailbryan 2 years ago
Yes i agree, I mean isnt a consumers responsiblity to be mature when dealing with spending money? Sure there are exceptions to this rule (family emergency, staranded in a foreign country) but generally speaking "If you create the debt pay the debt!"
emailbryan 2 years ago
Tell your daughter to stall it out. the longer you go without paying the debt the less you have to settle. once a collection hits your report the damage has been done anyway...
emailbryan 2 years ago
One of 'em called me giving me shit about my daughter's debt. Told 'em she's 24 & lives 1200 miles away from me. Haven't seen her in two years. Didn't matter to him. Said I was her father so I now have to pay her debt. Bullshit. Can't believe the depths of depravity of these collectors. No wonder everyone thinks they're garbage scum.
pig5689 2 years ago