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Every Year on the first of April, American’s play a fascinating game called “April Fool’s.”
On April Fool’s Day, the only rule is to fool someone. During the rest of the year, millions of other Americans unknowingly act like fool’s financially.
There are 4 foolish ways to that people loose their money.
ABC World News with Dianne Sawyer Reports that Debt Collectors complaints tops the 2010 Federal Trade Commission Complaint List.
In this video, ABC NEWS confirms what Debt Warriors have been saying about Debt Collectors for many…many…years.
Stop Harassment
If you’re receiving calls from a Debt Collector you are not alone. And you are probably NOT a “Dead-Beat”. Last year over 140,036 complaints filed with the Federal Trade Commission “FTC” were over Debt Collector harassment and threats.
Below are the 3 most shocking FTC complaints of repeated abuse by Debt Collectors.
In July of 2010, I reported that debt collection complaints were getting worse. It always feels good to see that Debt Warriors are on the right side of history.
Dianne Sawyers team of reporters featured a Journalist who went undercover to expose the illegal tactics most often used by bill collectors. Recently, a Buffalo News Reporter, Fred Williams spent months working as a Debt Collector. He says he was trained to do illegal tactics. And you should believe him too.
Below are the 3 most common Illegal Debt Collection Tactics Reported in the ABC NEWS Story:
As I’ve said before…You can fight back and win $1,000 when a Debt Collector uses illegal tactics. The key is knowing when your Rights have been violated. 90% of Americans don’t know their rights as Consumers and as Debtors. Because of this many Americans feel forced to accept the stress and rage that comes with dealing with Debt Collectors.
This is why the Debt Warriors Arsenal Video Course starts with stopping debt collectors from harassing you.
“Operation One: Stop Debt Collector Harassment” reveals:
This video course makes it easy for you to free yourself from the hassles of having to deal with a Debt Collector. In fact, don’t say another word to the collection terrorist…until you know what Operation One will show you.
Discover more about how Operation One: Stop Debt Collector Harassment shows you how to stop all 3rd party debt collector harassment.
Trisha was devastated. Before she called me. She had just been laid off from her job. She was deep in debt. She was making her payments on-time, but now that she was without a job Trisha didn’t know what to do.
I was able to calm Trisha down and give her some tips to help her out while she searched for another job. Today, I’ll tell you what I suggested to Trisha.
1. Check your Government Credit Report at http://www.Annual Credit Report.com. It’s free (once every 12 months). 79% of Credit Reports have ‘Clerical Errors’ on them. Over 25% of Borrowers have had negative yet inaccurate information prevent them from obtaining much needed Credit.
“Negative and inaccurate information on your Credit Report, should be removed or corrected asap”
One clerical error on your Credit Score can make a BIG difference. Check your Government Credit Report for errors at AnnualCreditReport.com.
2. Keep your Unemployed Status a secret. Creditors can not afford to feel sorry for Debtors. Don’t tell your Creditors (or anyone you do business with ) that you’ve lost your Job.
3. Know your Emergency Options regarding your 401k. True confession. When I lost my radio job, I took a loan from my 401k to buy a used car. Borrowing from my own 401k made me the Creditor and the pay off was painlessly low. There are many 401k options (depending on the plan). Call your 401k provider and ask about your Emergency Options.
4. Refinance whatever you can for a lower fixed rate. There is almost nothing worse than being Unemployed and your Interest Rates for your loans sky-rocket. If you have a ‘Variable Rate Loan” or your rate is too high, look at refinancing . Beware though…a re-finance may not be easy. You’ll have to keep at it. Shop around, learn your options.
5. Prioritize your finances.Like Dr. Stephen Covey, Author of, 7 Habits of Highly Effective People said, “put 1st things 1st. Pay all of your bills, as needed. But your family’s priorities and utilities; lights, gas, food, and shelter,are much bigger priorities. I would prioritize from biggest to smallest – necessary to unnecessary.
6. Close Credit Accounts only if necessary. Normally, I wouldn’t suggest that you close any Credit Lines if you can responsibly manage them. But we are NOT in NORMAL times. It’s much better for your Credit Report to state, “close at borrowers request” than, “closed at the Creditors request”.
7. Be Flexible with your expectations. You may not find the kind of job at the pay you’re used to. You may have to change careers all together. This is the time to become open to other opportunities. This may be a time to start your own business. The choice is yours.
8.Be kind to your mind. You may find yourself feeling aggravated, depressed, angry and shocked at the lack of common courtesy in the Job market. Now is not the time to be hard on yourself. Instead, use every interaction as a learning experience. Make it a game, have fun! Remember, bills are just business, not your life.
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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice.
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