Why you should NEVER Pay collections agency | Collection Agency Secrets Exposed

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Don't Pay Collections! It's a trap?!

So what happens when you get sent to a collections agency and can you avoid paying anything?? Let's talk about all your options and your rights so you can tell these companies to kiss your... well you know.

Learn what you need to do, say, eat (maybe not eat) to get a better understanding of what happens when you're sent to collections or thinking about paying collections. EDUCATION plus ACTION is key and you won't get in a better position financially without both so watch this video until the end and then act immediately. Time is money!

Please be sure to like, comment, and share if you like what you have heard! Even if you didn't, feel free to drag me in the comments.

Statue of limitations in your state:

Follow me on IG @thecashcompass

*Please be sure to do your own due diligence before making ANY financial decisions. On my channel I share with you my research but please verify everything for yourself! I do not give investment advice, just share my thoughts any my choices!*
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I used to work in 3rd party collections.... trust me. NEVER EVER even SPEAK to them on the phone. They are not attorneys but are paid to passively trick people into thinking they are. Every single thing you say on the phone with them is recorded and documented and will be used to obtain a court judgement against you. All you have to do is say anything along the lines of "I am refusing to pay" or whatnot. Or they try to argue with you with the intent of tripping you up on your own logic in order to get you to say something to be used as evidence in court that you owe the debt and therefore can be sued for collectors are not your friends. They're basically underpaid legal assistants.

knucklehoagies
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I’m glad you have a great sense of humor because I’ve been trying to raise my credit score. I would like to start my dream business & but a home. I watch a lot of these videos & it can get a little boring. Your humor is great!

triplediamondrecords
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Thanks for your time and help in this regard it is greatly appreciated you are making a difference in my life

polarbear
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Hey my friend great video!! This is very helpful information. There's a lot of people that can value from this information when dealing with debt claims!! I always enjoy your videos and how you have very unique content!! I hope you have a great rest of your week!!

MiloneMoneyMindset
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So happy to find this channel! Great job! So much of this we should have learned in school, managing and protecting ourselves financially. A lot more relevant than calculus for sure! ❤️😊🦋

shiragoldberg
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My wife had a credit card bill that went into collections, which she ignored hoping the statute of limitations would work in her favor. Last month, that collection agency took $600 from our checking account under a garnishment order. We had no idea that was coming! If you ignore them, they will file for a garnishment and win!

rp
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Thank you for this information. I didn't know some of this. Thank you for doing the work and sharing with us. You are great!!!

rubyw
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Thank you for that information very helpful keep doing what you do .helping people thanks this was a big eye-opener for me

rosalindclermont
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Unbelievable! Precise, no charts I could understand everything you were saying it was completely clear. I am forwarding this on to my Facebook page because I know this can help many people. That's how the word gets out. I had heard this before, but you explained it in a less complex manner. Keep up the excellent work my young sister.

lorrainedean
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You are good and you break things down for a clearer understanding. Patients you do have, lenjoyed the video God bless.

elderdwaynehull
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Thanks for getting right to the point 😍

tierramiles
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You are awesome!!! Thanks for all the advice!!!

meganruchwatercolors
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Never been subjected to collection calls but great outline of how their system works! 😀

thehelpfulentrepreneur
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I was def in detention 🤦🏽‍♂️ but im here and focused now! Eyes wide open. Thank you for the knowledge🙏

jayrizz
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I needed this video ! I was just saying to myself ima just pay off my collections so I can get my credit together to buy a house! Now I know theirs other options !!

riyorka
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Great video :) Thank You for being so fun.:)

azwelke
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Good Day Krystal, I had to see you so I found this . Thanks for that Information 💎

orlandogriffin
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Well Krystal, Good. New that we can and will uses...💎🌹

orlandogriffin
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I subbed; thanks for the info 😉 it’s golden sus.

shonyross
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Principles and Interest 😭😂love your corny jokes. Good job simplifying this info!!

bougiestayspaid