Part 15 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 20: Stop Debt Collectors Cold. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense [...]
debt collectors
What does it mean when collectors threaten you with ‘charge off’. Sounds serious doesn’t it? The dirty little secret is that a “charged off” debt has nothing to do with what is owed. ”Charge off” means that the creditor is taking a tax deduction from their income tax. With $450 million earned each day on [...]
Facts: Creditor states “if you don’t make an electronic payment over the phone right now, I will report you to the Sheriff for Theft of my goods.” Debtor: “No, no, I will pay you; here’s my bank information.” Hmmmmmmm…..who should really be worried at this point? Do you really even owe the debt? Jay Fleischman, a [...]
