DO NOT PAY Collections Until You Watch This Video!

Are you being threatened by a collections agency? Don't panic! Watch this video and learn what to do if you're contacted by a collections agency. I'll share some tips on how to deal with them, and explain your rights as a consumer.

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DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author make no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!

[giftlby]

Though collections has a statute of limitations the collections will stay on your credit report as long as the bill is unpaid. If they take you to court before the statute of limitations is past you will be stuck paying the bill. Also after the statute of limitations has past their are heartless companies that will buy the debt for pennies on the dollar and harass you and lie to you and make threats to you in the hopes you do not know your rights and go ahead and pay them. These people would sell out their mothers for a dollar. A sure fire way to get them to stop calling you is every time tell them you are recording the phone call and then say the date and time as soon as you do.

[KillaKev]

It’s legit a tailspin and I feel lost. So glad I started to research this and can’t thank you enough! I’m ready to take full control of my financial future

[northsideboone]

I had a random Verizon bill pop up last year that was only active for 1 month and missed payments every month after. The funny thing is, I’ve been with AT&T since 2015 i have no idea where it came from lol

[peterodriguez]

It is highly appreciated! Also she never received any other prior notice

[alexandriab.]

I have a couple of old debts that are past the statute of limitations. Years ago, I received letters from the collections companies about the debt but since then all correspondence has stopped. These debts have never been reported on my credit reports. Should I reach out to the original creditor to pay these debts or just leave it alone? I cannot remember how much I owed, I just remember the original creditor’s name.

[gorillashop]

I received a letter from Asset Acceptance with a court date for some old debt that passed the 7 years I thought the judge wouldn’t allowed to collect the old debt but because I didn’t take the off the allowed them to place a garnishment against me

[ricardoapodaca]

My student loan that was in collections but on Experian and Credit Karma, it is showing closed. Where last month on CK, it showed I owe.

[jimmyjewl]

I have a question can I still ask the collectors to remove it from my credit score if I need to make a payment plan to payoff the bill?

[olenamladenova]

Thanks for informative video.
You have mentioned that debt collectors cannot add additional fees or charges. So sending final notices with 10% debt collector fees is illegal??

[TravisFerch]

So if a guy owed a credit card company 5, 000 dollars, then went delinquent for 2 years, why would it not show up on the credit report? Not even as a charge off, just nothing, nowhere, not in any of the 3 credit bureaus, just gone. What would you think is going on with that?

[Orixbby]

hi i received a letter from quailia collections but this amount was already paid to the original company. They sent me this letter too quickly i feel within one week i thought there was a time frame on things? so annoying

[xleetare]

I missed the 30 day dispute & I requested a payment plan online a few days ago, is it still possible to negotiate a settlement for deletion?

[leohornsfan]

I would never ever pay off a debt junk buyer aka third party because most of the time they don't have proof that you owe this debt. I was contacted by a. debt collection agency and not only did I ask for a letter of validation of this debt, but verification as well. They can claim to validate it because all it is is a piece of paper with the original creditor and supposedly the amount that you owe, but other than that they have no proof at all. I asked for verification of the debt from an agency and they said it would take 60-90 days for it and yet never heard from them ever again about it.

[bryanenriquez]

Hey Naam iv been following you for a while. I have a question about life insurance term policy and borrowing from the policy verse a normal bank loan.

[davidlanceregalado]

Hi, great videos… I got scam and may checking account with chase got negative $6k.. and im unable to pay that amount immediately.. i work min wage only.. do you have any suggestion that i can do to fix this

[tvwtjuc]

Can the creditors get into your bank account ?If they can, do you advice taking the money out of the bank ?

[peterodriguez]

My mom received a pre legal notice from midland and she is elderly and unfortunately was going through some medical challenges any suggestions what I can do! Any feedback what should I do

[jeanniesantiago]

Question. I received a collection letter that the IRS sold my debt. I noticed my name is misspelled. Is this something I can use to get out of this?

[jessicaanton]

Hello, i have a question if i was sent to collection agency but the account name is under a business name will they still be able to report my credit to credit agency? They billed under the wrong account and I was trying to get a credit applied which they refused to apply since they billed a business name instead of a home address and have been given the run around in fixing it. Finally they sent me to collection agency can i dispute since my name is not on the account? Not sure if the account number is linked to me directly though.

[galato]

Which state should be considered if the account was open in FL, Creditor (Target) is in MN, and i moved to NH? Thanks .