Archive for the ‘3rd Party Debt Collectors’ Category

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Legal Robbery By Lawsuit: How Debt Collection Law Firm’s Can Cheat You

11/28/2009

Mark Hoyte was being Robbed. What made it so tragic is that the crime Mr. Hoyte fell victim to,  is considered ‘legal’

How is it that you can be legally robbed by a Lawsuit?  Legally Robbed? I know it sounds like an ‘Oxymoron’ or a contradiction. The truth is,  everyday,  thousands of Americans  are being sued – for Credit Accounts and Debt that they rightfully don’t owe!

Today, Debt Warriors are going to warn you about a tragedy that very well can happen to you.  The good news is that you halt these would-be robbers – in their tracks.  You’ll learn what it takes prevent being legally Robbed by Lawsuit.

Have you ever heard of  ”Pressler and Pressler”?

If not, beware and  on guard if they contact you. Pressler and Pressler is among the thousands of Debt Collection Law Firm that Debt Warriors estimate exist.  First the Debt Collection Law Firm’s are ‘Assigned Debt Accounts’.

Assigned Debt’s Are usually ‘Charged-Off’ Credit Accounts

A Charge-Off is when a Creditor gives up hope of collecting on the account(s). After an account is ‘Charged-Off’ it is Assigned to a 3rd Party (Debt Collection) Law Firm to attempt to collect.

In other cases really old Debts are bought by Junk Debt Buyers.  These Accounts and their Debt have long passed the ‘Statute of Limitations for Collection. Common examples are: Credit Cards, old cell phone bills, etc.

About two years ago one of Debt Warriors YOUTUBE Subscribers sent us a message asking us to “do some videos on Pressler and Pressler”.  Below is a video of a MY9 NEWS  investigation of Pressler and Pressler.

New York Times Exposes Law Firm’s Irresponsible Court Tactics

This week, The New York Times reported the story of  Mr. Mark Hoyte of New York, NY.  Pressler and Pressler claimed that Mr. Hoyte owed $919 for a Credit Card Debt.  The problem was that Mr. Hoyte was the wrong Mark Hoyte.

Pressler and Pressler had contacted the wrong person, yet were intent on collecting money this Mark Hoyte did not owe.  Pressler and Pressler had the wrong:

  • Social Security Number
  • Birthdate
  • Person

This situation would be hillarious if  it were not so serious.  Pressler and Pressler filed a Law Suit against Mark Hoyte, even after Mr. Hoyte told them that the Law Firm had the wrong man.

The New York Times Investigation of  Mark Hoyte’s claim uncovered what Debt Warriors have been saying for years.  Debt Warriors have been warning people,

Debt Collection Terrorist are usually Junk Debt Buyers who often retain Law Firms to harass, threaten and intimidate Consumers into paying debts that the Consumer’s often don’t owe.

Once the Debt Collection Terrorist gets their hands on an account the Debt Collector is relentless at collecting the Debt. Often the Consumer (or alleged Debtor) does not owe on the account or does not owe the amount claimed.

Judge Noach Dear

The Honorable Judge Noach Dear (New York)

Mr. Hoyte was lucky in that he had an Ally.  Judge Noach Dear (pictured right), was wise enough to realize that Mr. Hoyte was not the person who owed the Debt.

Judge Dear was about to dismiss the case until he realized that Mr. Hoyte had taken a day off from work to defend himself against Pressler and Pressler’s false allegations.

Judge Dear ordered Pressler and Pressler to pay Mr. Hoyte $115 in lost wages for having to take the day off to go to Court. The Lawyer representing Pressler and Pressler grilled Mr. Hoyte as to why Mr. Hoyte did not prove that he didn’t owe the Debt.

Mr. Hoyte responded that he told the woman who contacted him that “they had the wrong man”.

OPERATION ONE: Stop Debt Collector Harassment

Stop Debt Collection Law Firm Harassment: Order Your Debt Warriors Arsenal

This is why Debt Warriors have produced Operation One, “Stop Debt Collector Harassment”.

Telling a Debt Collection Terrorist that you don’t owe the Debt will not stop them from harassing Consumers.

It’s up to the Consumer to Validate the Debt.  In Operation One, Debt Warriors take you through the tried, tested, and true step of Debt Validation.

You don’t have to wait in fear to be sued for a Debt that you may not owe.

Operation One, Stop Debt Collector Harassment will take you step-by-step through Debt Validation in one easy to watch and follow video course.

Learn how to stop a Debt Collection Law Firm from robbing you over a questionable Debt. Order Operation One: Stop Debt Collector Harassment.

Posted in 3rd Party Debt Collectors, Credit Card Statue Of Limitations, Pressler & Pressler Law Firm, stop debt collector threats | Tagged , , , , , , , , , , , | Leave a Comment »

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3 Easy Steps To Decrease Stress After Credit Card Default

10/16/2009

So what does a Credit Card Holder do after they default on a their cards?  Keep reading today’s article as Debt Warriors provide 3  easy steps to decrease stress after Credit Card Default.  Thanks for stopping by.

With the economy in turmoil, more Americans than ever before are missing payments (“defaulting”).  The reasons for Credit Card Default among Consumers range from; Job-loss, medical expenses, divorce, and dozens of other valid reasons.  There are also the tricky tactics of Credit Card Companies that drive Consumers into default.

What Can A Credit Card Holder Do After Default?

1. Be prepared – never scared.
Part of being prepared is ‘worrying it to death’.  Ask “what is the worst that can happen”? Here are some answers to that question.

A. The Credit Card Company will first send the account to their internal collections department.  Please be aware that Credit Card Company collections personnel are not the most pleasant people to deal with.

B. The collections department will call to collect the past-due balance.  To minimize the stress of collection calls get a call blocking service that requires callers to leave a voice message.

C. After a few months of non-collection the Credit Card Company will give up and charge-off the debt on the account to get the tax write-off.

D. After the Charge-off the Credit Card Company may assign the account to an external (3rd Party Debt Collector).  After a certain amount of failed collection attempts the account may be returned to the Credit Card Company to decide what should be done.

E. After the account is returned to the Credit Card Company, the debt may be sold to another 3rd Party Debt Collector.  At this point the Original Creditor (1st Party)  no longer owns the Debt. At this point the Credit Card Holder is in a great position to settle the Debt. We teach Consumers how to settle their Debt for pennies on the dollar in the Debt Warriors Arsenal.

F. The Credit Card Company may assign the Debt to a Debt Collection Law Firm.   At this point it’s best for the Consumer to consult with an Attorney.

If the Consumer can afford to, it’s best to retain an Attorney.  Debt Warriors are Independent Pre-Paid Legal Inc. Associates.  We help Consumers find Attorney’s in their  State to help protect Consumers from harassing phone calls and threats from Debt Collection Attorneys.

2. Don’t Fail To Communicate In Writing.
There’s an old song that plays on the radio that says, “it don’t mean nothing, until you sign it on the dotted line”.  After defaulting on Credit Cards, millions of Consumers call their Creditors and make threats or offers to settle the Debt. Many reasonable offers are rejected by the 1st Party Creditor.

Often the Consumer has no way of proving that they tried to work out a solution with the Credit Card Company.  For this reason, it’s important to communicate in writing with the Credit Card Company.

Communicating in writing can greatly reduce the stress that comes with increased collection calls.  Communicating in writing can also aid in protecting the Credit Card Holders Rights if the situation goes legal.

3. Don’t Be Hesitant To Settle.
People often ask, “can I settle a Debt that is not in collections”? Short answer: Yes! But please be advised that there are secret key-words, that the Creditor and or Debt Collector will not tell Credit Card Holders.  These secret words can save Credit Card Holders hundreds to thousands of dollars.

The key is in knowing those words and using them when the time is right.  Another aspect is the budgeting.  Many Credit Card Holders don’t have the funds to file Bankruptcy, and many don’t have the money to settle right now.  That can be stressful all in in itself.

To review, Credit Card Holders can do the following after Defaulting;  1. worry the problem to death,  2.  communicate with the Creditors and earn respect and 3.  eventually settle the Debt on the account, with a lot less stress :)

Posted in 1st Party Creditor, 3rd Party Debt Collectors, Credit Card Debt, Credit Card Default, Credit Card Education, Credit Card Management, credit and debt help | Tagged , , | Leave a Comment »

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In 2008 Americans Made 78,000 Complaints About Debt Collectors Dirty Tricks

09/01/2009

Federal Trade Commission Report “Urges Debt Collection Reform”.

 On August 17, 2009, I produced and uploaded a video called ‘Debt Collector’s Dirty Tricks‘ to Debt Warriors Youtube Channel.


This video has received over 18,000 views and hundred’s of comments.

Fast forward to a 2009 Federal Trade Commission ‘FTC’ Report which cites “major problems with 3rd Party Debt Collectors”.

“The report recommends changes in the law to require that collectors have better information, making it more likely that their efforts will be for the right amount and be directed to the right consumer. It also recommends that they be required to provide consumers with better information explaining their rights under the FDCPA.”

Being in the trenches, working to help hundreds clients stop Debt Collector threats and harassment, I’ve learned a lot.  For example, when it comes to stopping 3rd Party Debt Collector harassment there is theory and real life.

There are many Websites that offer only surface Debt Elimination information.  Thousands of so called Debt Help Experts have never really helped anyone stop Debt Collector Harassment.  Instead these people go to the FTC website and cherry pick advice, change a few words and claim it as their own.

Theories Don’t Stop Debt Collector Tricks.

Other Debt Help Experts have theory but don’t know about the dirty tricks that Debt Collectors use to get around the Fair Debt Collections Practices Act (‘FDCPA’) and other Law’s enacted to help Consumers. And because other so called Debt Help Experts don’t know about these trick’s, how can they help Consumers defend against them? 

On the other hand, Debt Warriors have seen almost every Debt Collector trick under the Sun.  We accounted for them all in the Debt Warriors Arsenal Video Course.

The FTC is Just Now Starting To Catch On.

In the 2009 Report (referenced above), the FTC calls for “modernization” of the FDCPA in the following areas:

  • The FTC calls for prohibiting Debt Collectors from contacting consumers via their mobile phones, including by text messaging, without prior express consent; and

Many American Consumer’s make simple mistakes like updating or verifying their phone number with the Debt Collector. Debt Warriors cover this area in OPERATION ONE of the Debt Warriors Arsenal. We inform Consumers about how to stop Debt Collectors dirty tricks.

  • The FTC urges changes, requiring collectors who use new payment technologies to obtain express verifiable authorization from consumers before accessing their accounts.


I’ve listened in horror as client’s have called me crying because they can’t access their accounts, because some greedy  a Debt Collection Law Firm has placed a freeze on the client’s Bank Account’s.  One client came to us for help after going to put gas in her car to go to work and finding that the Debt Collector had frozen her account. 

She was embarrassed and afraid when she learned that her Bank had cooperated with a Debt Collector and blocked access to her checking account. On top of the shame she couldn’t access her accounts to buy food for her two daughters or to keep her lights on in her house. She was terrified but had come to trust Debt Warriors after reading out blogs for a few months.

Since she lived in California, I signed her up with an affordable Attorney in California and the Lawyer was able to get on the Bank to unfreeze my clients account.

Debt Collectors will stop at nothing to collect.

Most of what many 3rd Party Debt Collectors do is illegal.  Why do Debt Collectors break the Law so often? Because most American Consumer’s don’t know about their Rights. Those who go to other Debt Help websites, don’t learn about the tricks that Debt Collector’s use that violate and circumvent Consumer’s Rights.

Debt Warriors Have Been Warning Consumer of  Debt Collector Tricks For Years.

I’m proud that Debt Warriors are being proven right on so many financial issues.  I have to admit that sometimes I’ve been discouraged to continue helping people for many reasons.  But to paraphrase Winston Churchill “in the end right will win”.

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt “Self-Help” video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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Posted in 3rd Party Debt Collectors, Debt Warriors, Do it yourself debt settlement, FDCPA, FTC, Stop Debt Collector Harassment | Leave a Comment »