DO NOT Pay Debt Collectors | How to Handle Debt When It’s Gone to Collections

[@DowJanesFinancialEducation]

Serious about paying down debt? You should sign up for our ✨free✨ mini-course, 5 Days to Debt-Free: try.dowjanes.com/5-days-to-debt-free/

[@lisaholland8923]

Lol

[@PG_RAYGON]

Do I have to pay late installment fees after I paid the full amount that was originally agreed upon on the contract.

[@slimnim1753]

Im getting sued by a city I never lived in for trash service I never had at a house I've never seen.

[@ZiggyTheAdventurer]

@@slimnim1753 sounds like a scam

[@Ukvideoclips]

I just constantly call them to waste the company’s time. I’ve now been blocked by several companies. Great fun.

[@zeelife6518]

Looool u funny, does that mean they erase ur debt?

[@Ukvideoclips]

@@zeelife6518 they will never cancel the debt, they will just sell it onto another company. But after it’s statute barred and you know what your doing, you can mess with them big time. If it’s an old debt tell them to take you to court and also tonsupply details of the credit agreement ( they can’t) it’s all gravy. They bought the debt. They want people not to defend themselves and they win by default.

[@wallywally1984]

If you cant file bankruptcy and you are not judgement proof then you need to remember THEIR ARE NO DEBT JAIL so let them wast their time and money just hang up and don’t even admit your own name.

[@thomascoleman2714]

Lol I hope y'all get sued

[@chloeconniecarlton]

@@wallywally1984 Don't even talk them if you are judgement proof... There is no need to... Let them waste their time and money finding out the hard way that you are judgement proof... They probably wouldn't believe you if you told them you were...

[@fnqrbasher6796]

If you're not trying to build your credit just ignore it and don't go in more debt eventually it'll go away.... mine did from years ago.

[@Myturnsowatch]

But you can always find your name in collection no matter how old you grow😂😂😂😂😂😂

[@spankynater4242]

A friend of mine tried this, and her bank accounts were locked.

[@SmallSpoonBrigade]

@@spankynater4242 There's also the issue that there are things like apartments now that require a credit check, not to mention that some jobs aren't available if your credit score is low enough to flag you as a theft risk.

[@ThaRealest616]

​@spankynater4242 that's because they owed the federal government. 3rd party debt collectors don't have the means or authority to do that.

[@spankynater4242]

@@ThaRealest616 It was a third party debt collector, not the Feds. They filed a law suit and had her accounts locked.

[@johnduong7292]

The confidence you take in your work is really inspiring and amazing, special thanks The time and efforts you had put into deleting all inquiries and collections is beyond excellence. Take my cordial thanks! You are really an efficient, organized and result-oriented man Thank you for all the extra hours and extra effort you had to put on for getting credit repair done. I appreciate every bit of your effort. Thank you *Solvency backdoors* for pulling this off so smoothly...

[@sherrybeckley8112]

Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.

[@sherrybeckley8112]

I’m glad to be fortunate enough to get to know their name and looked it up online.

[@sherrybeckley8112]

*You also need to look their name up to see their website.*

[@angelclark2193]

The method yt videos teaches isn’t really working for fixing your credit and getting rid of negative items off your reports.. *Solvency backdoors* is the solution to all bad credit reports, negative items & finance problems 👌 their name is spelt as *solvency backdoors*

[@angelclark2193]

All you also have to do is to look their name up like I did to see their website online

[@smd8648]

I was told that if the debt was SOLD, that you do not have a contract with the debt collector unless, you confirm your identity via phone or certified mail signature. You do not have a contract with that type of collections, so ignore. I have done this with the proper collections and it worked.

[@XHIT4HIREX]

😂 that don't work anymore company's are taking people to court and legally garnishing wages now good luck

[@rra7490]

What worked? They stopped contacting you? Didn’t affect your credit score?

[@SquirrelGamez]

@@rra7490 If your debt got sold, your credit score is already affected. It's not gonna get worse just because you ignore independent debt collectors.

[@timg2973]

The original contract most likely says it transfer if sold. so yes you do agree to it.

[@bananathebadguywilliams4868]

When you sign up for a credit card or line of credit If you don't pay them and they give you notice then they're allowed to send it to collections because you agree to the terms and conditions which is in the cards and loans you sign up for.

[@scipher99]

To all my Veterans out there that receive VA disability compensation. Your income is Federally protected from garnishment unless it is federal dept, or court ordered child support. Any money deposited into the same account as your VA compensation also becomes protected. So, your spouse's income in a joint account will also be protected. When they call you tell them the dept is not yours and your sole income is VA compensation, and you will never be served with court papers because they know they can't collect, and the calls stop.

[@geoffdevore6321]

Does that also include Retired military pay? No VA disability pay, just regular Retired Military pay?

same thing with SS I have both

[@mrwolfdigtrainer]

Disability is protected against child support also. My bank gets a garnishment notice from California but never respects the order because they acknowledge my Disability as protected income.

[@BobbyGazo]

Child support can't even garnish it they can't even garnish ssi 😂😂😂

[@BobbyGazo]

I love it child support can't garnish my ssi 😂😂😂

[@lcxb8575]

Simple. Don't respond to them. No letters, no phone calls nothing. In the unlikely situation one does sue, don't panic. Contact an attorney who will have the case thrown out of court. The lawyer's fee will certainly be less than the amount plus add-ons the collector is demanding. Hint: lawyers will take payments and your first consultation is free.

[@Aero1184]

Just simply pay ur debt, u used the money tho

[@tommyshanks4198]

Had, did collections for a good decade. Only ever lost a case once.

[@MrRichgounder1969]

If you’re going to pay a lawyer you might as well just pay the debt. This advice is ridiculous, unless you’re a lawyer.

[@lcxb8575]

@@MrRichgounder1969 The attorney's fee is less than the debt. Plus the debt is on your credit. The collection agency bought the debt for pennies on the dollar. Eff collection agencies. Go on and sue me. You won't come out ahead.

[@bananathebadguywilliams4868]

Or you can be a grown adult and actually pay your bills.

[@truthbetold4120]

The best way to handle a debt collector? 1) Do not answer a call from an unfamiliar number. 2) No voicemail? Then block the number. 3) Credit score? Take a break. It's what got you in trouble in the first place. Nothing personal. It's how the game is played.

[@kodyoconnor3368]

Best comment I’ve ever read 😂 this is amazing

[@LunaBobbi]

I’ve been doing all of that. The statue of limitation’s for meat is in four months, but Bank of America did initiate a lawsuit for me. If a lawsuit is initiated by the original creditor, what’s your best recommendation? Because from what I understand if they win a judgment by default if I don’t do anything, they could levy my bank account and my car.I am 1099 so they can’t garnish my wages

[@rawkingkong]

​@@LunaBobbihow much debt?

[@LunaBobbi]

@@rawkingkong 10k

[@doomslayerforever2858]

i dont need credit the reason i got fked is using credit cards. just pay cash from now or dont buy

[@ranardlafrance4601]

I appreciate your willingness to do the extra work. This is a responsible task, but we have no doubt that a credit fixer like you will get our done *Solvency backdoors* your hard work has proved that this job was destined for you. You have made me realize that I made the right decision by delegating it to you. Well done

[@sherrybeckley8112]

Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.

[@sherrybeckley8112]

I’m glad to be fortunate enough to get to know their name and looked it up online.

[@sherrybeckley8112]

*You also need to look their name up to see their website.*

[@angelclark2193]

The method yt videos teaches isn’t really working for fixing your credit and getting rid of negative items off your reports.. *Solvency backdoors* is the solution to all bad credit reports, negative items & finance problems 👌 their name is spelt as *solvency backdoors*

[@angelclark2193]

All you also have to do is to look their name up like I did to see their website online

[@robertwhite9898]

Awesome advice! I live in Ohio & the statue of limitations is (6) years. On credit card debt ect . Every state has its statue of limitations. My advice to all is to check with the laws in your state . Know your rights .

[@johntracy72]

In Texas it's four years for any kind of debt except student loans and child support. I know, child support is not technically a debt, but it is treated as one.

[@MoonWitch77]

@@johntracy72 4 years ? In AZ it’s 7 ! Do student loans stay on your credit forever ? Even if you default. What’s the law in Texas for student loans and your credit ? If you don’t mind me asking.

[@jeffparks25]

I'm in Ohio too

[@SmallSpoonBrigade]

@@MoonWitch77 Thanks in part to Biden, federal student loans are essentially forever, or until you pay up. There are a few situations where you can get one discharged, but in general, they aren't dischargable in bankruptcy court.

[@KhaosJoPlays]

Mine is 10 years lol

[@CCKaraoke]

My debt is to the company I made the purchase from. If some collection agency wants to pay it off for me, then thanks! I don't owe them a penny.

[@The-You-Doober]

🤣🤣🤣🤣🤣🤣🤣

[@ej2953]

When I was a computer consultant, one of my customers was a collection agency that dealt primarily in medical debt. The president of the company told me that their biggest problem was that many people would get the bill from the collection agency and then call the doctor and pay them instead of the collection agency.

[@DReed1945]

@user-wh5ir4fo4rnot usually. Chase will. Companies like Best Buy don’t necessarily go after you either the collection agency.

[@RK-cj4oc]

​@@ej2953Had this exact thing happen to me. I payed on the same day my bill was transferred.

[@bananathebadguywilliams4868]

@CCKaraoke maybe if you paid the company you purchased it from debt collectors wouldn't exist.

[@chrisdavies5253]

Had a debt collector call me up and I agreed to pay $20 a month or something like that to pay off a debt. It still would have been paid off in less then a year and they tried to tell me I needed to pay it off faster to help my credit score out and told me to narrow the money to pay it off. At that point I refused to pay it.

[@luke_8_17]

Many many years ago, My brother received a phone call from a debt collector. He told them that He put every debtors name in a hat, and when he pulled out just one name, he stated it wasn’t your company. Hopefully your name will come up in the next drawing. Not how I would have handled it, however I guess he was tired of the constant phone calls.

[@T-8UG83AR]

Awesome video! I almost was scammed. Smh. It's getting bad out here with this type of crime.

[@RobotronSage]

This is absolutely illegal It's literally extortion what they're doing

[@cesarswc13]

the statute of limitations usually is around 4 to 7 years depending on the state and amount of the debt ...if you reset that by admitting to it or paying a minimal amount for whatever reason you will reset that statute of limitations and you will have that on your credit report for another 4 to 7 years and if they want to sue you, they can again.

[@ivisyung3088]

6 years in australia

[@HR-wd6cw]

Depends on the debt though. If it's to the government for example, the limitations may be much longer like 10 years (but then again, the IRS will never call you either, but I think before it gets to that point, the government can start garnishing wages if you have backtaxes that are in collections).

[@ivisyung3088]

@@HR-wd6cw government department debt, dont fuck with them, civil debt form creditors and telecom provider, fuck them over

[@robertpatti3138]

Good Video. Another thing people in bad debt should not consider doing, is falling for the ads on tv and radio from companies that say if you are in bad credit card debit, you could owe far less because there are secrets the Credit Card companies don’t want you to know. It’s All BS! There are no secrets! They just take your money and tank your score anyway. Your better off listening to this girl and try to negotiate your self. Or if it’s that bad. Calm BK. suck it up for 7 years and start over.

[@mangot589]

My experience. My hell hound collector said “well you shouldn’t have charged it if you didn’t plan to repay”. We paid them thousands and thousands of dollars. I told him, we have repaid anything that we bought, 100x times over, mainly interest . We were out of work. Suddenly. I told him, you know, someday you may be in our situation. A couple months later, AMX did a MASSIVE layoff. It may sound mean, but I hope he was in our shoes. .

[@Littlebigbot]

The interest rate that you agreed to pay is no one's responsibility but yours. Most financially responsible people have a savings to use when unforeseen circumstances occur. They don't buy new cars, boats, motorcycles or RVs until they have a nest egg built up. Blaming the collector is absurd.

[@chrisclassical7]

@@Littlebigbot most people in the usa have no money, if you have a money put by for unforseen circumstances then you are one of the minority of americans who have. consider yourself very lucky and try not to be so judgemental of your less fortunate fellow countrymen.

[@RotterStudios]

@@Littlebigbot Are you blind with the inflation going on? People are needing to choose to pay mortgage and food over credit cards. Your statement doesn't hold water here.

[@MarLindaPerez-s1i]

Great video! The young woman who did this was very pleasant and a pleasure to listen to as she explained everything. Thank you for sharing.

[@jamesbradley3291]

As an attorney, do this. Do not take the call from an unknown number. Do not pay the collector. Contact the original creditor and tell them you do not have the money to pay the debt. Ask them to please write off the debt and send you a 1099 for the amount owed (aka forgiven debt). Then at tax time talk with your tax accountant and they will assist you with dealing with the IRS. Usually they way it since you did not have the income to pay the debt. But that is what your account is being paid to help you with.

[@jamesbradley3291]

Wave the income. (Sorry, auto correct). When the creditor issues the 1099, the debt is forgiven and MUST come off the bureau as a paid debt including any & all collections. And the debt cannot be re-sold to another collector.

[@nanavlogs1447]

If in collection hadn't it already been written off?

[@joliver81]

Was dumb, bought house at 20, every year mortgage went up, through taxes, or loan fee increase, whatever. Tried to sell, couldn’t. Thought foreclosure would ruin me forever. Turns out I was paying extra 500 a month for insurance in case I defaulted. Part of why it went up every year. Lost home, but All debts on it were paid. Apparently that was the intent of lender in first place. Never went against my credit.

[@Nunya_Bidness_53]

I have a $2500 line of credit debt, which I could pay off but not at the rate of auto debiting $200 out of every paycheck and they won't renegotiate. Thinking of letting it go to collections and negotiating with the collectors for a lower payment. Worked with Visa, pay $17 every two weeks.

[@Littlebigbot]

And ruining your credit in the process? Don't do it. Bad credit will make you a bottom feeder.

[@Nunya_Bidness_53]

@@Littlebigbot Credit already shot to crap, just need groceries at this point

[@hereandnow990]

The last thing I ever feel about my debts is to feel guilty.

[@Chris-b4w8t]

Same

[@mr.frandy7692]

Yep, especially when you paid more interest than you borrowed in the first place. They got their money back.

[@hereandnow990]

@mr.frandy7692 actually, in my case I didn't. I simply stopped paying and they couldn't do anything. They tried to bombard me with emails and collection agencies but when they saw that I knew the law and they couldn't get it from me, they left.

[@elizaguevarra8106]

Thank you for this wisdom!!

[@paullowell3342]

@@mr.frandy7692 if you don’t pay your bills you’re not paying interest are you. 🤔

[@misskatherine7988]

If you do not get a validation letter from them within the first 5 days of contact, you can show that to the court, as its illegal to request it without proper paperwork. This is in Canada, check your laws all the time and make sure you overpower them.

[@Clari022384]

What if they send you back the validation letter? I’m stuck on what to do next. The dept collector is intimidating.

[@SmallSpoonBrigade]

@@Clari022384 That's when you either pay up, negotiate a payment plan or get an attorney involved. If the validation letter contains the correct information, you owe the money and you'll probably wind up paying, either via a court ordered garnishment or voluntarily. A good attorney should be able to find the best option.

[@tims4502]

@@Clari022384 did you take out the loan?

[@florabelstaniforth3951]

Following

[@northernbettygirl]

I was set up on a hardship case with one of my creditors. They set up a much lower monthly amount and no late charges, even if I missed payments. Well, I missed several because I struggled even with that lower monthly amount. So, recently, they turned it over to their collections. I talked to a rep there. She was so sweet and understanding, and offered me a settlement of 2/3 less than the total. I was so happy, I put down half of the amount right then and there, with the promise to pay the other half in July (she let skip a month due to a pre-existing situation). I will call her and pay that other half as I said I would. She saved me $93!🙏🏼💕

[@msimm8612]

A debt collector called my job and I don't know what happened but two weeks later the collection was no longer on my credit report

[@ImadZeryouh]

They seized your bank?

[@theyaden]

That's odd if it was actually on your report because it doesn't go away just because they get paid off. If it was just someone claiming a debt was on your credit report and you pulled your credit report and it wasn't there you probably had a scammer phishing for money.

[@msimm8612]

@@ImadZeryouh no

[@msimm8612]

@@theyaden I check my report daily. The collection was from an apartment I rented. they tried to come up with some bogus fees and it was on my report for 5 years

[@Xerock]

Your job might have called the authorities on them or threatened a lawsuit for you to keep their phone lines open.

[@cloud9photography126]

HOW TO ACTUALLY GET BAD MARKS OFF YOUR CREDIT REPORT you send them a certified letter demanding an agreement to payoff terms, and demanding that once you pay them off they WILL remove the marks from your report within 30 days. when you get the agrement letter back agreeing to the terms, THEN pay them...if they dont remove the bad marks after 30 days...DISPUTE the bad marks and send copies of the promise letter of debt paid off that you got back from the debtors to the 3 agencies and BAM!! bad marks off...100% Guaranteed EVERY time....THIS is what all those credit repair people wanna charge you 300 bucks to learn.....your welcome.

[@kenm6049]

There is no law that says they must completely remove it from your credit report, but they must correct the report and make a 0 balance owing. That still is on your report.

[@cloud9photography126]

@@kenm6049 i made them remove mine i told them remove or no money, and they removed it

[@MrChilley]

​@kenm6049 i settled a collection with it being completely deleted from my account 4 years ago. So idk who told you this but you can in fact have it removed from your credit report upon paying them. However like the OP said you have to get that in writing till this day I still have may deletion letter settlement with me just in case.

[@gtcam723]

@@kenm6049they just have to abide by the written agreement.

[@hereandnow990]

bad advise. You don't even need to pay them back anything, don't deal with them, they are all scammers, lending you nonexistent money and demanding hard cash or property back.

[@williardbillmore5713]

The most important thing to remember is that if your debt has gone to a collection agency , paying them is the equivalent of throwing your money out the window. Your credit score can NOT be fixed by paying off your debt to a collection agency, even if they tell you that it will ...It is one of those lies that they will all tell you. If the debt has been sold to a collection agency your credit score will be damaged. The quickest way to repair your credit score is to pay off your monthly credit card early every month and pay it completely. In a relatively short time they will cancel each other out and your credit score will go up. Don't be stupid. If your debt has gone to a collection agency, it is ancient history.

[@motion2597]

What if you dont have any credit? Will it hurt me when I establish credit and build it?

[@domin8ss]

In America we have a thing called a statute of limitations. It ranges between 2 to 7 years and varies by state. It's a gamble, but the odds are likely the debt collector won't file in court. They'll just sell the debt to another debt collector will then try to call you again. Once you have waited the debt out to the statute of limitations under state law you can tell the debt collector to pound sand because the debt is uncollectable under the law. As the video says, don't admit to the debt, but do find out when the debt was originally created. I had a family member pass because of cancer several years ago. They were insolvent. I was listed as the executor of their estate. They didn't care my family member was decreased. When I discovered the age of the debt and the statute of limitations was expired I told the debt collector they weren't getting money based on that. They stopped calling. A few debts were sold to another debt collector, but they eventually got the message and stopped calling and sending demand letters.

[@Honey_Badger_DC1]

I'm in debt with discover card from back in 2020 fast forward to 2023 after hundreds of collector calls this guy shows up at my door tells me his name and "servers me" with "court papers" I tell him thanks but get off my property don't come back. The next day I go to my local court house as the papers said I was going to be sued and the local court was 5 minutes away.....so I inquire about the papers and the court tells me the papers are false and there's never been any case against me...they continue by saying if you get anymore of these papers ignore them unless you hear directly from us....since then I've been mailed multiple "court day " papers and all turned to be fake....now I just block collector n I mbers and toss any additional " court papers"

[@terifulcher4807]

Holy cow! The audacity of some people. This is harassment!

[@leonardharris9678]

they think when you see your getting dragged to court, that you will call to strike a deal to start paying

[@Littlebigbot]

Ever consider living up to your debt obligations?

[@MoonWitch77]

I pay Lexington Law to help me deal with debt collectors and the credit bureaus. Now I’m on my way to rebuilding my credit and am already 90% there. By the end of this year, maybe even sooner, all my negative debts will be removed. LEARN/KNOW your rights !!!

[@Monztuh]

Did u wait the 7 years or ?

[@MoonWitch77]

@@Monztuh This year is 7 years

[@donames6941]

Lexington didnt do me any good but they took more money from me then my debt was

[@rab512003]

I got a summons to appear in court on January 16 . I made an agreement for monthly payments that I can't afford to pay. But Discover would not go any lower than $273. A month we are in our 70s and on social security. We owe $4779.23

[@madog1]

You can negotiate. I have negotiated debt that I inherited, successful every time. They will usually take pennies on the dollar.

[@tanyaredfield]

How do you inherit debt?

[@madog1]

@tanyaredfield when a relative dies and you are an executor. You have to settle their estate.

[@ArtimosThug]

Please watch this video to the end. I see in the comments some folks who have the impression they no longer have to repay their debts. I don't think that is the message this video was meant to send, as that is truly terrible advice. Although this comments section is full of misconceptions and terrible advice, the video is simply stating to do your due diligence before you pay it, should it be a debt you rightfully owe. Overall, mostly accurate and informative.

[@infinitelyblessed359]

The 1 thing I noticed that you Didnt mention was the fact that Seniors Dont Need To Pay Off Their debts if they are living off of their Social Security and they fall below or on the line of Poverty. I think this topic would be helpful to those Seniors in this position. I was helped by the team at HELPS and if a senior has come across this video and you need help with your debt, then you should contact HELPS if this team on this video cannot help you out.

[@canonrebel626]

Why would it be OK for someone not to pay off their debt? That’s the same as stealing, even if they’re seniors.

[@bananathebadguywilliams4868]

@@canonrebel626 because people these days feel entitled and are free loaders.

[@bananathebadguywilliams4868]

@canonrebel626 people on ssi and disability cannot be sued with many state laws.

[@ajpm8133]

Mortgages, credit cards... you forgot medical care providers like hospitals.

[@TruthBomber73]

I knew the day would come when I never have to pay another bill again! Thank you!

[@leavemealone5602]

haahhaahahahahahahaa facts

[@tanyaredfield]

​@@leavemealone5602Only if you have zero income, because they can garnish your wages.

[@Littlebigbot]

So giddy about being a deadbeat. Wow. I could never live my life like that. I have too much self respect.

[@MinisterRedPill]

​@@Littlebigbotyou have too much pride, that's what you have

[@nonmups9973]

​@@Littlebigbotyou realize it's just numbers on a computer screen that they loan out at Shyster interests rates, right? Maybe try to not be such a slave to these institutions.

[@robberlin4813]

If a third party buys an alleged debt, you do not owe the debt collector a cent. Only communicate thru the mail. When they file....you file on the collector. You subpoena 1.....the valid hard copy contract between you and the debt collector.....they don't have a contract. A corporation can only interact with another corporation thru a contract. 2.....supeona a certified full forensic audit in accordance with international accounting standards. The audit will show there is no debt. They won't let go that far. Tell the debt collector to remove any info they placed on any credit bureau

[@bananathebadguywilliams4868]

Did tik Tok university teach u that?

[@WizzyBoy]

This is all factually incorrect.

[@toddrunyon]

​@@bananathebadguywilliams4868 They obviously read it on the Internet somewhere so it must be true

[@bananathebadguywilliams4868]

@toddrunyon it's always funny. People don't know the fdcpa laws, and it shows that a lot of people, especially in the comment sections, don't read the fine print on anything because the fine print will tell them this.

[@Tenebrous227]

Had a credit card company lie to me & screw me but they never considered that id be recording them. Lawyer told me i have enough that if they took me to court id win so to tell them to F off & not pay them

[@scottprice7307]

How do you find out if your debt has been sold or the agency has been hired by the originator ?

[@carlcolvin8320]

#1 go on line to the Federal Trade Commission the information is excellent. It will tell you how to file law suits against the debt collector companies that harras or even make threats, record the conversation and document and then present it to s attorney to flie a law suit. But read the all the information in the Federal Trade Commission.

[@jasonring5231]

In my younger years in my first go around with credit, things went to debt collectors and eventually just disappeared over time. Then later in a life (just in the last couple of years), I lost my wife, and had huge financial strain, and had to let my credit cards go because I couldn't afford to keep up with payments and take care of my kids at the same time. They went to collection but then something happened that was different than before. I was served not once, but twice court orders to repay. I had no choice at this point because I was remarried and had the income to pay, and will be for several years from now.

[@maryannsmith3328]

When you are able to negotiate a lower debt amount, why is it that they can take the difference between what you owe vs what you settle on and turn it into the IRS 1099 as income?

[@money4retirement]

Because they feel you got free money and that money is considered income so now you have to pay tax on income

[@askbradyoung3007]

You can file a get this canceled out

[@tims4502]

The lender isn’t making that decision. The govt/IRS is. They forgave part of the debt and are legally required to report that on a 1099

[@spankynater4242]

Because it's income.

[@JhondTorstenson]

@@money4retirement Yes debt reduction is considered income in tax code.

[@narviee3365]

Brilliant, comprehensive information, thanks Gentle Lady, be well...

[@Tenebrous227]

Good advice. I can confirm some of it

[@michaelf9617]

If a debt shows on your report closed and charged off can it later update to be shown sent to collections and further damage your score?

[@Myturnsowatch]

Yes the best thing is to negotiate with the debt collector

[@eus105611]

This is a reason why I have to pay insane interest rates with a 775 credit score. PAY YOUR BILLS!!!

[@jeffl1216]

Nah, that's because of the insane amount of fake money Washington keeps borrowing from the fed.

[@jamesbias1200]

Yes you're exactly right because it's just little people who charge you that extreme rate don't blame the company whatsoever.. every company out there is screwing us because they are allowed to stop blaming people who don't have money and blame the people who have it all but care not to share

[@HectorAldama-apodaca-uy9oj]

liar

[@joedecker3900]

I was scammed, it does happen to some.

[@TLKletz]

I had 747 credit. I bought a bed and my credit score went down 100 points so what's the purpose ? I busted my butt and it's gone.

[@malayaanderson8222]

I’m not paying unless it’s court ordered, they’ve been trying to contact me for years at this point so maybe it’s not worth the money to go to court. Either way, nope.

[@gilbertzavala863]

So I’ve been getting called for a 759. Dollar debt and got pre legal notification should I just ignore until it’s court ordered if it gets to that point ?

[@danavangentles5931]

Will it affect your credit score

[@hereandnow990]

@@gilbertzavala863 if it is debt collectors who call you just tell them that you don't have any written contract with them and therefore they are illegal entity who don't have right to contact you and demand anything from you. It worked in my case. Courts are actually also unlawful. It is all a big game rigged. They "lend" you nonexistent money (which they don't have) just by typing numbers on a keyboard(which is lying to you, scamming you) but then demand you to pay them back with your property. This is ultimate form of scam. The WHOLE financial system is based on this scam but people think it is lawful and normal. Try to find and read "sovereign citizen" and "strawman" materials, they teach how to avoid those traps.

[@mrswilliamstoyou3325]

@@gilbertzavala863 .. they will take it to court and garnish your wages if you're working. My husband is in garnishment for a medical bill he created because the hospital filed his insurance wrong, never told him, showed up three to five years later with a letter in the mailbox saying he was being sued and that they'd be seeking garnishment.. next thing we know, a paycheck or two later.. bam.. garnishment. We'll be dealing with that for six months all because the fault of the hospital screwed up.

[@billyray9423]

Not only is this good advice, you are adoreable.

[@nottoday4125]

I had an agency contact me by mail a couple months ago trying to collect on a 20 year old debt . Never answer the phone when it isn't a number in your contacts. After a few minutes call the number back and get the company name and type of company with out telling them who you are . Block the number. You can also return any mail to them by telling the post office it is a scam letter, the post office has a bundle is what they call it . Never heard from them again.

[@JoeT-re5ro]

Pretty much all you can do is ignore them . They can’t actually take you to court since the statute of limitations is up . They’re calling me nine years after the statue of limitations ran out. I just ignore them. They can ask for the rest of your life. They just can’t take it to court once the statue is up and if they do you just bring up the statute of limitations for your state.

[@bluemoon2934]

My brother successfully sued a debt collection agency twice at 2 different times for 10G …..😂😂😂😂😂. After the 2ond time they didn’t try to contact him anymore 😂😂😂. The first time they didn’t learn their lesson….They wanted 30 G and ended up up paying him 20G 😂😂😂😂😂. The debt was almost 30 years old….He eventually went to court and the debt was written off. 😂😂 Thanks debt collectors For your generosity.😂😂😂

[@strongtv_creator]

How did he go about this ?

[@bluemoon2934]

@@strongtv_creator He had to go to court numerous times over the years and he had a pit Bull attorney help him…..He just got postponement after post ponement until finally one day he got older and was on disability…..And the judges got tired of dealing with it and tossed the whole thing out because they said it was becoming a nuisance and costing the court system more money than it was worth😂. But them nasty debt collectors got taken to court twice for harassment and sued twice and paid dearly 😂

[@strongtv_creator]

@@bluemoon2934 thanks for responding see I had a kidney stone and went to the ER now they charge me 15k I know I have time till it hits my credit I’m trying so hard to figure out what to do… I’ve been working on my credit for a long time and life happens now it’s a chance my credit score will drop!! Them court dates cost though I bet ? Thanks again 🙏

[@hereandnow990]

@@bluemoon2934 sweet man!!!

[@joebates8659]

@@bluemoon2934 That brings joy to my soul! F them collectors!

[@naterksmr]

Nothing like borrowing money and then getting mad when you have to pay it back. Imagine your friend begs you to let him borrow $100. You give it to him. Weeks later you ask him for the money back and he gets mad at you for even bringing it up, saying he shouldn't have to pay you anything. Are you going to lend him money again the next time he asks? When word gets around, do you think anyone else will want to lend him money? A credit score is that same reflection. They gave you money, you pay it back. If you don't, why would you expect anyone else to ever want to lend you money again? If you do, it'll be for ridiculously high interest. Pay your bills on time, kids. And don't borrow money that you don't intend to pay back.

[@kroanosm617]

I've had debt collectors calling me for 20 years looking for the wrong guy. I told them many times I'm not the person they are looking for.

[@tanyaredfield]

Every time I have gotten a new phone number I seem to spend months dealing with these calls. Hope I never have to change numbers again.

[@edwardkujawa]

very nice gal am awareof most of this she dint talk about seniors and debt proctetion

[@lokismischief2512]

I just blocked their number until they stopped calling. Once, I told them that the person who had my number before me died in an accident. I inherited their phone... they hung up on me.

[@PalanikkumaranPKMuthiah]

Once dept gone to collections, and if I want to settle, should I be working with the collection agency or creditor to get the remark removed from records?

[@askbradyoung3007]

Before you pay get written they will remove. We get those removed without paying with my attys

[@meagon177]

Help what route did you go? Did you talk to creditors or collections? Did it affect your credit score?

[@kholeeko]

I did a volunteer repo in 2008 and now I just got a letter in the mail October 2024 that they're going to garnish my wages for $34,000 at my job because of a court extension of 10 years and then they refiled another 10-year extension and all the fees on top of the $6,000 I owe them is now $34,000

[@blackcreators]

I had a friend who worked for a debt collection company. She explained all the rules they had to follow to me. I had a collector call me and the guy started yelling at me and telling me i needed to go pawn my stuff so i could pay him. I started laughing at the guy which made him even madder. I knew from what my friend had told me that his behavior totally wiped out the debt. Good times... 😅

[@nonmups9973]

How did his behavior wipe out the debt?

[@SterlingSigurdsen]

@@nonmups9973it’s illegal to threaten someone and tell them what they have to do. The phone calls are recorded and you find a civil litigation lawyer to sue the company. You can record your conversation with a debt collector too. You just have to let them know and ask if they agree to it. If they don’t then you can further force them to remove the debt.

[@noahmartinez3859]

I got a collection letter and they have messeged me, about my car insurance i used to have. Didnt pay the last month because it wouldve renewed and they would increase payment for the next month. Because of it they want me to pay 258. mind you i used to pay 456 monthly. They wanted me to pay 706.

[@DeltaShawtyy]

Does the clock reset if your debt is sold to a different company?

[@johntracy72]

No because that is not considered the date of last activity. Making a payment toward it does however because that becomes the date of last activity.

[@martinbisschoff988]

More points to remember. All conversations will probably be taped......without your CONSENT. Secondly regarding option 2 where the debt has been 'sold" to a collector for dimes in the dollar? Tell them you have not CONTRACTED with them.

[@gregkeener911]

Shaggy said it best. “Wasn’t me”.

[@Lynn67mama]

Dept collector trying to say I owe $1000 on a gas bill on a house I sold I paid all my gas bills until it was sold and do not see where I should owe or pay anything

[@mistyn380]

That was actually very impressive. Thank you for this video!

[@OGBlameErica]

As soon as I responded with I have a lawsuit with Verizon and now with the debt collection company they hung up and said we can’t speak to you.

[@meagon177]

Can you negotiate with a collector and make sure it doesn’t affect your credit score? If so, how?

[@nottoday4125]

It's simple, do not answer the call if you do not recognize the number. They have you with hello . Negotiate, what and why .

[@CindyHabeeb]

Yes you can…new laws that were passed by Congress….collection agencies cannot place on an individual’s credit report until 1 year after the DOR… DOR being the date the original creditor place with the agency. So you can set up a payment arrangement to pay off before it reports.

[@johntracy72]

Get it in writing the the best way. That way you have proof and a paper trail.

[@hereandnow990]

No one needs to worry about debt collectors. Because they don't have any right by law to demand anything from you. Why? Study the law about this. It is unlawful to demand anything from a person unless you have a mutually signed written contract with them. You can always tell collectors that since you don't have a contract with them, they are illegal entity and you request them to cease and desist. They will do just that because they know this law. It is just people don't know it. The whole world financial lending system is based on this scam. They "lend" you money that they don't even have, simply typing numbers on computer screen. Even most banks do not have a hard cash assets nowadays. Did you know that? Surprise! :))) Yes., they don't have real money but pretend to lend you money they don't have, by lying to you. Then, if you didn't pay them back their "painted money", they try to take a real cash and property from you. It is just a modern age robbery and pillage without weapons and spilling physical blood. Study "strawman" and "sovereign citizen", they teach a lot about it. I personally managed to stop debt agencies on their track and even billing companies from chasing me, due to knowing these matters and dealing with them accordingly.

[@bananathebadguywilliams4868]

@meagon177 there are some who will send you a full and final settlement email or letter saying what you agreed to pay in that letter. I know that some will delete it off your credit after that settle with an account finalization letter stating that the payment was made in full.

[@normarutledge]

What about loans through loan lenders can they carry me to court if I don’t pay. Can I put a stop at my bank so they can’t take it from my checking accounts

[@gtcam723]

How do you deal with the ones threatening legal action?

[@ewkabel]

Sue them for a FDCPA violation. It is illegal for them to do that

[@CindyHabeeb]

⁠@@ewkabel Yes an agency can advise you, BUT NOT THREATEN, if there is no payment or payment arrangement it most certainly can lead to a garnishment or lien on any assets that you may have. This is not against FDCPA

[@clementhlakoane2668]

hello, thanks for the great presentation, my question is, Can I ask debt collector how much did they buy the debt for?

[@lisac.2438]

I was paying the hospital every month and still sent it collection? WTH? Not one month skipped. Now I wish I didn’t pay anything

[@Paladin_Green]

Same here except I stopped paying because it was bogus. On top of EMS bill that I refuse to pay. They sent it to a collections agency and demand payment. I block numbers and I dont interact with mail. They really cant do shit about it. All they can do is sell it off to another agency or write it off. Screw em. I dont even make enough to live let alone 3k to pay lmao

[@hereandnow990]

@@Paladin_Green you did right. I did the same years ago when contacted by collectors after defaulting on personal loan. I told them they didnt' have right to contact me due to the absence of mutually signed contract between them and me. This means their demands are unlawful. When I said this to them, they stopped and desisted.

[@hereandnow990]

most of them are fraudsters, they "lend" you money which they don't even possess (they just type numbers on computer screen, its a scam!) and then demand you pay them back with cash or property. This is s finansial system scam that operates in the whole world today. I stopped debt collectors by telling them to f* off because I never had any mutually signed contract with them, which meant any of their demands were unlawful. After I told them this, they disappeared for good. It was years ago.

[@mrswilliamstoyou3325]

@@Paladin_Green Well.. that's what you think.. my husband's wages are being garnished. So be ready for that.. it may not be today or next week or even next month or next year.. it took them three to five years to finally decide to sue my husband. They won and he's now being garnished for six months til it's paid off... and it wasn't even his fault. It was the fault of the hospital for filing his insurance wrong, not doing anything about it or refiling it or even telling us until we got word that we were being sued all these years later. So don't laugh now b/c I promise you that they'll have the last laugh.

[@rab512003]

2:03 I was given a summons to appear in court January 16 on a credit card debt with Discover in the amount of$4779.. I agreed to a monthly payment of $273. I can't afford to pay Discover wouldn't go any lower I am in my 70S and on social security. The question is should I call the attorneys office and ask to lower monthly payments or wait until my summons hearing?

[@John-ee5dh]

When they phone you say to them politely I'll talk to you on an unrecorded phone line , this stops them contracting with you

[@RotterStudios]

IF you talk to them, let them know that you are recording the phone call from your end. They don't like that one bit, and usually end the call.

[@SneakyFoxJr.-vb8yb]

If I have two credit cards and do not pay on one of them and let it go to collections does it affect the other credit card will they cancel it?

[@nellyppereira]

I’m having an issue and i’m not sure anyone can help me. I feel hopeless. My employer is trying to charge me 20k for unpaid benefits i was apparently getting during my 5 year unpaid leave. They are in Canada and I have moved to the usa in 2017. They are going to send my debt to a collecting agency. I haven’t worked for 5 years (stay at home mom) and was totally unaware that i would have to pay for my work benefits, especially since I moved to the usa and could not even use my benefits here. It’s alot of money and i can’t pay that. I don’t know what to do. I don’t live in Canada anymore so what can they legally do?

[@eddihaskell]

1. Do you have any real estate property or land in Canada? If you do, a Canadian company can take you to court in Canada, win by default, and seize your assets. 2. Does the Canadian Company have your US Contact information? It sounds like they do. 3. Has the Canadian Company sent you a written letter (no phone calls) demanding you an amount for benefits? If they have not, they owe you a written explanation. 4. Assuming that this Canadian Company has send you a letter outlining what you owe, and that you have no property or other assets than can be seized in Canada, I would send them a written letter back. All you should say is 1-- Acknowledge their letter to you 2. Say that you do not owe this money, or any amounts, and will not pay it. Do not argue with them in this letter, just say that you do not owe them anything, and you are acknowledging their letter to you. 3. In this same letter, say that they may contact you IN WRITING ONLY at the address you specify, but that under no circumstances do you owe them anything (keep it simple) and that you will not pay them anything. Also say this this applies to any third party representatives in any nation. 4. If you are contacted by a debt collection agency, do not speak with them. Instead, keep a copy of the above letter. Send a demand letter in reply, registered mail saying that you do not owe this amount, have told this company (in Canada) that do you not owe them any amount, and that they were to contact you directly in writing and not hire a third party agency. Attach the original letter you send to the company in Canada with this letter. Tell them to cease any additional contact with you. What you are doing it saving copies or registered letters and instructing anyone not to contact you about this matter. This is American law -- if you send a third party bill collector a cease and desist letter, they may not contact you. Just don't talk to anyone and keep everything in writing.

[@TravisFerch]

You need an attorney. I would never agree to that. They knew what they were doing. Get legal advice immediately. Free consultations everywhere

[@chrisdavies5253]

Also want to point out even if it goes to a debt collector you can still pay it off with the original company most the time and is better for you as never can tell if the "debt collector" is legit. I had 3 different debt collector collections for 1 Cox Bill in the summer and no way would that be handed off that fast from one debt collector to another and then to another debt collector.

[@cunderthunt]

How is selling debt even legal??

[@TheRecklessMetalhead]

'Merica......

[@Mike-sr6gd]

Our government does it every day to our dollars in the form of selling bonds to other countries like China

[@tommyshanks4198]

It is usually in the original contract that it can be sold

[@bananathebadguywilliams4868]

When you decide not to pay it when the original creditors and ignored the original creditors mail and phone calls. Debt collectors don't exist if people pay their bills it's not a hard concept.

[@nonmups9973]

​@@bananathebadguywilliams4868Shit happens. Stop simping for scummy corporations.

[@sbayman320]

We have a debt that disappeared when purchased by another company ( the new company did not automatically take payment from our checking account). We were contacted by the collection company that they wanted to settle pennies on the dollar. We could not do anything at that time. They took $3500 then $1500 out of our checking account without our permission. Also, I have no collection on my credit report. Is it legal what they did?

[@DailyTv22]

I just had about 20k pop up on collections on my credit report when I go to my credit card apps. Man I know I’m probably going to end up with over 100k in medical bills due to me being in the hospital for over 11 months.

[@mikemcdermott1026]

Medical debt is unlike other debt

[@SpecialKAY421]

You know, I’ve heard mixed reviews on medical bills if they don’t go on your credit but then from others, I heard if they do, I did get my taxes, state taxes, anyway garnished for owing the hospital soooo.. that gave me my answer that they do go on your background, HOWEVER…. As far As Recently I thought I read something about medical bills NOT going on credit reports I don’t know what state you’re in, but you might want to check into that?..

[@DailyTv22]

@@SpecialKAY421 I’m from Texas

[@lexxzus]

​@@SpecialKAY421in Florida medical debt goes into collections and added to your credit report. For the first time ever I have medical debt on my report.

[@tanyaredfield]

We lost a baby years ago in the middle of the pregnancy, and the hospital boggled some stuff afterwards that could have made it much more difficult for me to successfully have another baby later. To add insult to injury, about 2 years later a collection agency called my husband at his job...we had moved away by then....and told him we had thousands in unpaid hospital bills that we had never once been sent a bill for. I gave my husband a list of the mistakes they made and he called them back and said that first, the bill was too old to be collected and we had never been informed of the debt, amd second, if they wanted to push it we would be consulting a lawyer about x, y, and z that they had failed to do. We never heard from anyone about it again. In retrospect we should have consulted a lawyer when it happened but we were too emotionally drained to deal with anything more.

[@SpecialKAY421]

I'm really grateful that I came across your video. I've actually been sued by the biggest Junk Debt collectors (Midland Credit Management) and am representing myself Pro Se. I have trial the 29th. The scare tactics are so offensive and unnecessary... you nailed that point. I think outta probably 120 people started out at the beginning that were there thru the same Law Firm representing MCM. I did a lot of research and found out. There were multiple federal cases against Midland. I also had kept in contact with the law firm going on three years now, and have not been able to come to a settlement agreement. Multiple times I was told by the law firm and the debt collector that my debt was purchased for the full amount and that is what they were asking for. I said that I would give them 10% of what they bought my debt for... I was immediately shut down and told that they would take a payment plan for me of $50 a month for about the next three years😂😂😂... luckily, I did my research like I said, and as you stated in your video after seven years, your credit clears. And if I even started one payment, it would reset the clock like you had also stated... very very valuable information and I just wanna say thank you. I commend you for your honest wealth of knowledge on this subject, and I am incredibly grateful! ❤❤❤

[@gtcam723]

Oh joy. I’m hearing from them currently.

[@SpecialKAY421]

Tell them you don't believe the debt is yours.. in fact write them a letter I think it explains in this video ....or use the harassment thing...I'm going to trial with the law firm they've hired ... is mcm just contacting you or did they hire kohn law firm

[@gtcam723]

@@SpecialKAY421 they haven’t hired anyone for this one… yet

[@BooskiD]

@@gtcam723how things go

[@tims4502]

@@SpecialKAY421 how did the court case go?

[@lotus956]

Some will scare you by saying they’ll take you to court.

[@lauriefortier4210]

I have a lawsuit next month from a credit card debt. I’m worried. On retirement now

[@joelee2371]

​@@lauriefortier4210contact an attorney. Check with your local or county government or legal aid society to see if there is any legal help available for low income seniors.

[@gasmith7486]

@@lauriefortier4210They can’t do anything to you. Unless it’s a student loan or taxes, you’re good.

[@SquirrelGirl83]

​@gasmith7486 not true. Some states passed a law where dept collector's can take you to court.

[@cynthiabrown6769]

Not true. Just got sued from a debt collector. They can garnish 25% of your wages here in VA. Put a lien on your house. Levy your bank account. Have the sheriff's dept sell your property to get the money.​@@gasmith7486

[@screeech1]

I received a summons from Rubin & Rothman LLC representing themselves on behalf of JPMorgan Chase. I called Chase and they did say that Rubin & Rothman are handling the case now and there is nothing they can tell me because it it out of there hands and to contact the number on the summons. Does that mean that mean that Rubin & Rothman LLC are Debt Collectors?

[@djteamcyber]

Yes they are

[@LiquidRadio]

I answer my phone with my business name. When they ask to speak with me, I ask if iI can take a message. They usually say that it’s a personal matter. Which then I reply, “If it’s a personal matter, then you’ll have to contact them on their personal line and on personal time”. “Do you have their personal number?” “I am sorry, I’m not allowed to give that out. Have a nice day.” This has happened twice and I haven’t heard anything for months.

[@sweetpeach6583]

😂 love that one

[@sunshinecindy570]

Good information, any tips on what to do if your being taken to court?

[@maureenrookhuizen1544]

I have my wages garnished without being sued. I never received a notice about being sued , so i can go to court. Is that legal? I live in Montana.

[@SakuraMichi]

You should get an attorney and told him that you were served. If the debt collector serve improperly you can vacate the judgment.

[@Phil-w4u]

I've been on both sides of the phone...most of what she's saying is correct....depending on the debtors situation. Some people are fixable and the creditor may work out an arrangement or settlement. Some people are not fixable and are too far gone..bankruptcy is about the only answer..if your credit is repairable and you care.i suggest you pay it...bad credit won't repair itself and nobody will extend you credit without hard collateral and then you will pay high interest rates..two basic things at work here..the greediness of the lender and the stupidity of the borrower...if an individual has minor blemishes on their credit report I would advise to address these issues. It won't go away and will haunt you in the long run. Especially in regard to future employment opportunities and credit you may really need. By the time you pay a bankruptcy attorney and the stress and hassle you may come to realize..I would have been just as well off to pay it...again everyone's situation is different. If you have to crash and burn you have my blessing. But if there's a way out it may be worth it in the long run.

[@susancole227]

Wow! Thank you so much!

[@davidcollier1207]

I was a self employed tradie most of my working life, so my POV is a little different to most expressed. If a good or service has been supplied to you, in my opinion you are liable for the debt. No ifs or buts.

[@RK-cj4oc]

You never know what can happen mate.

[@realmichaelhawkins]

A debt collectors called me once and I said I’ve never heard of them, can they provide a contract with my signature? They say they received the file from _____ and I said Congratulations, you own a derivative 😊 he said this isn’t the wizard of oz. I said yeah it is.

[@bananathebadguywilliams4868]

You know wet signatures are no longer required and haven't been since 2000 congrats on admitting your a bum and a free loader.

[@roberto5170]

I already set up an auto payment for the debt, how can I stop it?

[@archevangelus]

Just curious…I don’t have to pay any debts I owe but what if I decide to start paying off a debt? What if they block my card or refuse future services or refuse to allow me to borrow from that company or financial institution until the debt is fully paid off? I can wait 7 years and this is all gone but the damage still seems to allow them to a hold records and prevent me from ever using those services again unless I pay them in full! Also if I decide to pay a debt off…if it’s going to take more than 7 years to pay it why should I be responsible for that debt when it’s their risk to allow me to borrow money from them as well. I mean scammers can scam scammers. Two wrongs don’t make a right…but if they’re doing wrong as well why should I pay for it? Regardless if I decide to fully pay it off or if I feel I’m right or wrong or feel responsible for that debt. The video clearly stated paying debt is the last thing I should have to do and that emotions shouldn’t dictate my judgment into deciding how to pay (or not to pay) or when to pay if I decide to change my mind. This is all good advice and a good video but it seems so much deeper than it is simple. To make a point…do I never have pay my debts off ever if I choose not to pay them regardless of if I feel or am responsible for those debts? I can just simply walk off and not pay them a single penny? Also what should I do post issue if I do decide to pay the debt off and I have a finance with them? Once I pay am I still able to get out of my contract because I’ve committed to paying off the debt? What it the collectors are actually scammers? How do I reverse this or is it too late? I can simply negotiate better before paying off any debt post payment I see no future. Also if I am scammed by collectors is there a way to stop it as well or did I forfeit my chances of not having to pay the debt and walking off (almost) Scot free (with a possible lawsuit or expiration of statute of limitations). Am I able to sue the collection agency as well? The worst threat without sounding like a lie that was told to me was that my credit score would take a hit (but the damage has already been done unbeknownst to me) which is extremely valuable information I wish I knew. The other lie is “don’t admit the debt” or responsibility of that debt. So now do I just decide to go through and continue paying off the debt finance since it’s already been committed to or can I simply get a counter lawsuit or stop paying at some point if not at least negotiate my way out of payment or paying in full completely? I don’t really want to talk about this information especially in a comment because it’s so long …but I do request that more of these videos are posted as they are helpful and educational. Disclaimed. I am only asking questions based on the videos. Not personal experience. There is no declaration that I myself have any debts or anything in this comment or what has been said is relevant or irrelevant to the posted video uploaded. This is just a simple question to learn more information and become educated in resolving financial debt. Please post more videos about this and have a question and answer site link or page we can actually debate or talk about resolving debt in general thank you! Appreciate the post!

[@AvaGraceVIP]

@archevangelus You have entirely misunderstood the advice in this video. See the comment from @ArtimosThug above who says "I see in the comments some folks who have the impression they no longer have to repay their debts. That is definitely not the message this video is meaning to send. The video is simply stating to do your due diligence before you pay a debt once it has gone to collections i.e. if it is a debt you rightfully owe then yes, of course, you are contractually obligated to pay it and you should do so". In other words, do not take out loans or get credit cards if your attitude is "welp that's their risk to allow me to borrow money from them". If you aren't intending to pay your debts, do not go into debt ¯\_(ツ)_/¯.

[@andrewtodd8082]

I don't know if debt collectors get paid a commission, but they will call family trying to scare them. I've told them to only call me, but they won't listen to that if you ignore them. Pay, what current bills you can and try not to get into debt.

[@bxpress6507]

I had a debt collector call my work!😮😮boy did my employer give them an earfull!😂😂😂😂

[@michaelslater8667]

sounds like a company id like to work for

[@lorinkundert]

Had one try after 15 years, that is way beyond the statute of limitations

[@lufknuht5960]

Pay your honest debts

[@jlinnlinn4241]

Great video.Thank you 😊

[@blackhawkjohn1]

What if it's not on your credit report and you have no idea what account they are talking about? They told me what it was, but I never opened an account with them ever. I told them on the phone that they have the wrong guy, and they keep texting me, but I have got nothing in the mail from them. It's a legit debt collection agency. The only thing I can think of is it's Identity theft, and if that's the case, what do I do? I have my credit locked since 2019, so I don't know how or when it happened. Do I call them and dispute it or just ignore them until I get something in the mail? Thank you

[@lalaslife6506]

Yeah, I’m going through something with a company called Providian told me I was going to jail for fraud. If I did not pay them $3200 talk about convincing they almost had me! Also the tower consulting group scam.!

[@LynnDeatherage-q3k]

I took a class business law in 1993 and when they called me I said your actions are illegal actions is a crime.

[@Megan6772]

what if you cannot afford to pay anything on it?

[@natusfreedom472]

After 4 yrs , ca , statue of limitations has expired , collections cannot sue me anymore but can , still call and ask me to pay ? But I am not obligated to pay Thxs

[@marc895]

medical bills turn to debts collection that actually is not mine but from my husband who pass away

[@mrswilliamstoyou3325]

You become responsible for their bills after their death if you live in the US. That's how it works. Like, when my parents die, because I'm their next of kin, I'll be responsible for their bills. I've told em to stop accruing them and get out of debt b/c I'm not rich. I don't have the money. They can take their house, their car, and everything in it first before I get saddled with their debt. And to think my dad just had his credit limit with Lowes extended to 35 grand. o.O

[@Rebecca-o2i]

Thats not true you are not responsible for you parents debts if your name is not on the contract they will call and lie to you but you are not responsible

[@marc895]

@@mrswilliamstoyou3325 I'm living in Philippines that happened in Philippines hospital, I ask a lawyer already they can't do anything about that

[@marc895]

@@Rebecca-o2i not my parents it's my husband last 2021 when he pass away due to covid and other complications

[@kennawhitty5884]

@@mrswilliamstoyou3325Stop lying. You’re not responsible for your parents debt unless you were a silly billy and signed some sort of contract.