Stop The Calls Fast

Last week I mentioned I was reading the report whose title this blog bears. If could give an elevator speech (summation in 10 seconds) about the almost 100 pages I read and all the footnotes (read them just to be sure I would not miss anything)I would say that the majority of consumers are totally clueless about their statutory rights under existing federal and state laws.

This report covered lots of topics ranging from proper legal service when debt collectors sue or the lack of it ,failure to document claims by debt collectors, i.e., no documents just hearsay, resorting to arbitration where in many cases the arbitrators were clearly biased in favor of the debt collectors, inveigling consumers to make partial payments on out of statute debts but failing to tell them that those payments would put the SOL clock back to day 1.

The statistics in the report conclusively prove that the average consumer does not stand a chance if sued or harassed by a debt collector if he or she does not know their rights. That is where people like me enter the picture. Any client who purchased my system knows exactly how to defend themselves against aggressive debt collectors and if they have questions all they have to do is email me. Believe me when I say that those who buy up old debts know what they are doing and you don’t. That is why collectively this segment of the debt collection industry is raking in billions of dollars. I said billions not millions. We hear a lot of talk about financial reform and more protection for consumers. Don’t hold your breath. Those on the dark side of the force have lots of money to lobby for what they want. Remember “Charity begins at home”.

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