as John A. said below, FIRST give them a copy of Dave Ramsey's book and help them follow it AND pay their debt down. That's probably the best gift/help you'll ever give them.... but in the mean time......
as others have said have them do a little homework on "fair debt collection act". Most collection agencies (CA's) are scum (I'm not talking about creditors that do their own collections). There are legal things that the collectors must do (prove the debt for example with the 1st contact which most of them do NOT) AND unless its in your contract with the original creditor the collection agency can NOT collect ANY fees or interest OVER the amount you originally from you. (again do your homework). If the CA does something illegal it might ?? change their rights...I don't think it will negate your obligation but it might?? give some room to breath/negotiate ect. AND call your state's attorney general. In Indiana they must be licensed to collect here (even if they are from out of state) and they won't want to loose their license (and many of them do loose them). If they are not licensed they can not even contact you for ANY reason (Indiana).
I'm NOT suggesting you use legal means to get out of the debt but they must follow the rules too. Its tough enough without being harassed.
We had one call because I forgot to pay a hospital on the payment plan 1 month (dumb #@$(* at the hospital, 1 month??! they've lost more business $$ because of that). I ended up paying the hospital and never heard from anyone again. Nothing on the credit report either. DOn't know if that always works or not. (do your homework).
BEST Thing is to call your creditors before trouble hits. Usually once it hits the CA the debtor has sold the account for pennies on the $ but this isn't always the case. They legally have to tell you if it was sold or if the CA is working on commission or fee on the $ actually recovered. you can find that out from the creditor as well. (DO your homework) if on commision you may still have some room to work with the creditor. ???? i'm not a lawyer or have the best finances but Dave Ramsey's book helps. ... do your homework... good luck!
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
