07 Feb Bill collectors participate in contests to collect money from you – the consumer!
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, itis surprising to see them admit to someof 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 manypeople 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.

Latest posts by Jay Fleischman, Esq. (see all)
- 5 Things You Need To Know About Bankruptcy Exemptions Before Your Case Is Filed - August 28, 2013
- Beware Of This Person When Trying To Wipe Out A Second Mortgage In Chapter 13 - August 26, 2013
- Our Best Tips For Filing For Bankruptcy Without Your Spouse - August 22, 2013
- 5 Ways To Celebrate Financial Literacy Month - March 31, 2013
- Burning Money With Handcuffs On - March 21, 2013
Sorry, the comment form is closed at this time.