For the last several weeks LTD Financial Services and United Recovery Systems have been running ads in the Houston Chronicle for Collectors. While this is no big surprise what with the economy like it is, it is surprising to see them admit to some of the benefits they offer: “great bonus program, plus full benefits”, “above industry standard commission rates”, and contests. Contests is the one that bugs me. The bill collectors have a contest to see who can be the meanest? Or, how many people can they make cry? Or, how many people they can get to go borrow the money to pay them? Or, the list could go on.
So the next time a bill collector calls you and is pushy, you might want to ask him or her to describe the contest that they are participating in, or how much commission is she or he going to make if you make a payment. Let the collector know that you know they are going to receive an incentive by bullying you into a payment.
Or, you could talk to a bankruptcy attorney to see if bankruptcy is an option for you. Bankruptcy will stop the debt collector calls.
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