Win $1,000 When Debt Collectors Threaten You

You Can Win money for debt collector harassment

Eastern District of  Texas Feb. 17, 2011

Zach Perry filed a law suit against debt collector NCC Business Services.

Mr. Perry  (the plaintiff) is seeking an award of  $1,000 statutory damages for each violation and punitive damages.

Mr. Perry alleges that the debt collector harassed him by calling his work and cell phone.  The debt collector threatened to run Mr. Perry’s credit report without his authorization which could be a violation of the Fair Credit Reporting Act (FCRA).

You Can Win $1,000 Too When Debt Collectors Threaten You

If you’ve been getting collection calls at your home or cell phone think of it as a game…a Contest where you can WIN at least $1,000 in damages. Like any game…you have to know the rules of play. You can’t simply rely on luck. Knowing the rules helps you detect when a debt collector has violated them.

Although Debt Warriors don’t practice law…we have witnessed consumers winning over $7,000 in court. You can do the same. There are Federal Consumer Protection Laws that allow Americans to defeat debt collectors and claim cash at the same time.

“All it takes is faith, courage knowledge and action”

Operation One: Stop Debt Collector Harassment

If you feel you have been harassed by debt collectors. The only way to win is to fight back! Mr. Perry is fighting back and at the very least he will stop debt collector harassment. He has requested a trial by Jury and his evidence may show that the NCC Business Services must pay for each violation of Mr. Perry’s Rights under various Consumer Protection Laws.

The Debt Warriors Arsenal informs you how to fight back and protect yourself before you can enter to claim your share of winnings from the debt collector.

Zach Perry requested the debt collector (NCC Business Services) to ‘verify’ or ‘validate’ the alleged debt.

Mr. Perry alleges that NCC failed to grant Mr. Perry’s request. Now NCC Business Services may pay for not respecting Mr. Perry’s Rights.

“Validating the Debt” is a step-by-step process that must be done the right way…the first time. If a Debtor (Consumer) hopes to claim their $1,000 in damages they (you) can not afford quess-work. That’s why the Debt Warriors Arsenal dedicates the first video to the process of Debt Validation.

Operation One: Stop Debt Collector Harassment is a 10 minute video course that comes with step-by-step instructions for validating debt. This video will show you how to stop collector harassment on-demand. You’ll also get our iron-clad CCDV Letter which will show you how to properly request validation and verification of the alleged debt.

If you’ve been harassed by a Debt Collector, you may have $1,000 of unclaimed funds. But before you can collect you’ve got to protect yourself. Learn how with Operation One: Stop Debt Collector Harassment.

Credit Card Debt Help: How To Fight Interest Rate Hikes

 

How Can You Fight Credit Card Interest Rate Hikes?

1. Check Your Credit Report.

Debt Warriors  like to take a first-things-first approach. So before calling your Credit Card Company and screaming their heads off,  start by checking your Credit Reports.  In fact, it’s a healthy practice to do it once per year (“Annually”).

AnnualCreditReport.com, is the only site that offers truly free Credit Reports.

Millions of American Consumers are having their Credit Card rates increased because of “something listed on their Credit Reports” – at least that’s what the Credit Card Company told them.

According to the Federal Trade Commission, generic statements are not good enough when explaining why an American Consumer has been denied Credit.

Your Annual Credit Report will cost you nothing, but you can only receive it once every 12 months.

Why should You Check Your Credit Report First?

• There may be inaccurate information on your Credit Report.
• Millions of American Consumers are finding that businesses are falsely reporting inaccurate information on Consumer Credit Reports.  The Big Three Credit Bureaus (Equifax, Experian and TransUnion) are not interested or motivated to correct inaccuracies on Credit Reports without the Consumer forcing them to.
• The Bottom-line is, the worse your Credit Report, the better reason for your Creditor to raise your rates.

After you’ve affirmatively verified that you are “Credit Worthy” (based on your Credit Report), contact your Credit Card Company and ask them to “lower your rate”.  Heck, it’s worth a shot.  But please be informed that many Credit Card Holders are being refused lower rates.

After contacting your Credit Card Company, If you’re denied lower rates, consider ordering the Credit Card Medic Debt Reduction Video Course.

 

 

2 Things To Know Before Accepting Credit Card Offers

A Client, a Credit Card Rep and I were on the phone.

We were speaking with a Credit Card Rep while shopping around for a good balance transfer rate. We found a rate that I liked and so I suggested that my client apply for an account.

So my client applied for the card. After about 10 minutes on hold, the Credit Card Rep broke her silence and said,”congratulations you have been approved for our gold credit card”. I relaxed in my chair and breathed a sigh of relief because my client needed this card to get out of a bad financial situation.

The Credit Card Rep continued “You should receive your card in about 7 to 10 days. Your interest rate will be a variable rate between 3.99% and 19.99% based on the prime rate as published in the Wall Street Journal”.

Then to my surprise, my client asked the Credit Card Rep, “can’t I get a Libor Rate applied to this card?” Good question but for the wrong card.

Prime vs. Libor Rates

There are two Credit Card Rates that every Consumer should be aware of; PRIME Rate and LIBOR Rate.

Some Credit Cards use the Prime Rate which is based on the Federal Funds Rate. The Federal Reserve Bank manages the Prime Rate.

Other cards use the LIBOR Rate. LIBOR stands for London Interbank Offered Rate. Usually the LIBOR Rate is lower than the Prime Rate.

For example, Capital One uses the LIBOR Rate whereas, Bank of America uses the Prime Rate.

For this reason it is important for the Consumer to keep track of the Rates. Knowing the difference between the Prime and Libor Rates can save a Consumer up to thousands of dollars in interest payments over the life of the card.