This year, America's enormous debt collection industry will make 1,000,000,000 collection calls. They will threaten. Lie. Mislead. Intimidate. Award-winning reporter Fred Williams went "undercover" inside one of its largest firms. Now, he reveals everything he learned-and shows exactly how to fight back and protect your rights.

Auteur

A business journalist for most of the past 24 years, Fred Williams has written about debt collection for Kiplinger's Personal Finance and for The Buffalo (N.Y.) News, where he started covering the industry in 1999. He undertook a six-month research project on the industry in 2006, supported by the Kiplinger Program in Public Affairs Journalism at The Ohio State University.

In 2008, he worked as a debt collector for 11 weeks at a collection agency near Buffalo.

Fred graduated from Binghamton University in 1986 with a bachelor's degree in economics. He currently lives in Charlottesville, Virginia, and is careful to pay his entire credit card balance each month.

Texte du rabat

This year, America's enormous, poorly regulated debt collection industry will make more than 1,000,000,000 collection calls. They will threaten. They will lie and mislead. They will intimidate. Over the past five years, they've racked up more than 300,000 complaints to the Federal Trade Commission: more than any other industry regulated by the FTC. Financial reporter Fred Williams knows more about the industry than anyone else. Not only has investigated America's debt collection agencies, he spent three months working for one of the largest firms in the business. In Fight Back Against Unfair Debt Collection Practices Williams reveals what he learned and shows you exactly how to fight back and protect your rights. Williams weaves indispensable practical advice together with stories straight from his collection agency cubicle. You'll learn what to do first if a collector calls; what collectors can and can't do; which debts you are and aren't responsible for; how collectors choose accounts to focus on; how to stop harassing or abusive calls; how to keep the advantage in a negotiation for a lucrative debt settlement; even how to take the offensive with a lawsuit that can halt collection and win yourself a $1,000 penalty!

Contenu

Introduction 1

Part 1: Debt Collection Secrets 9

Chapter 1: Lessons in Deception 11

Chapter 2: Credit Is King 23

Chapter 3: Anger Can Be Power 31

Chapter 4: Closeout: "No Tomorrow" 41

Chapter 5: The Shakedown Industry 47

Chapter 6: PIF Means Payment in Full 61

Chapter 7: Payday, the Tables Turn 69

Chapter 8: Debtors' Rebellion 73

Chapter 9: Debt for Sale 83