There are a lot of scams going on and around the holiday season even more so. Consumers are receiving phone calls from “third party” loan companies claiming to be collecting on past due payments taken out by a family member. And these debt collectors throw in all the normal illegal practices they do so well such as telling you that your driver’s license will be suspended, you will be arrested, a constable will be sent to your home,  etc.

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There is always a right and a wrong way to do things and somewhere in the middle you may find a “it’s good enough” section.

Are you looking to settle an old past-due bill?

My question to you would be, what is your motivation? Your reason is going to determine whether it is worth it or not. [Read more…]

I’m not into social media, however, billions of others are into it. Perhaps, even addicted to it. We know now these days when applying for a job, employers will go over the things you have “out there” in the social media world. People love to post the things going on in their lives. [Read more…]

There is a US consumer agency seeking to drastically overhaul the debt collection industry. It is reported that out of all credit cards issued, 35% go into default. That may seem like a lot but in business, 65% of something is better than 100% of nothing.

It’s big business and big money is at stake. The debt collection industry is a 50 billion dollar a year cash cow. Anytime big money is being made, people get curious and want in on the action. [Read more…]