How to stop debt collections and loose the debt
I continue to rant about the underground, almost illegal debt collection business. Between the news coverage exposing just how bad it is and the Federal Trade Commission making a show of shutting these operations down it just doesn’t stop. Why? The profits are absolutely insane!
Most of these companies operate out of backrooms, threatening people beyond belief. They pay pennies for old debt and collect thousands in return! If I can’t put them out of business, I can sure help consumers battle this ugly tide. A little education and a lot of success goes a long way. Collections can ruin a person’s credit in a heartbeat. And it takes a serious effort to undermine a collection agency who is trying to intimidate you.
The facts are that about 80% of collections being reported in the US do not have the proper documentation to report a collection let alone collect it. Another percentage of these “so called” businesses, don’t even have the proper licensing to operate in many states where they are trying to collect debts.
My goal here is to let people know that there is help out there and not to pay those debts if they cannot be properly documented under the law. Check out the video to get the basics and then get a copy of our Free Guide. It will make you think twice about paying 3rd party junk debt dealers!