ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Dealing with Debt Collectors

Updated on October 14, 2015

Debt Settlement may be the answer your looking for

Dealing With Debt Collectors

Part 1

Hello everyone, how are you today? As some of you already know my name is Joe Sellers and I take pride in what I do. I spend about 10 hours a day speaking with people about their situations and explaining how a debt settlement program can get them out of debt in a short time compared to paying minimum payments to the credit card companies for the next 45 years.

Unfortunately in this industry there are to many companies that mislead people into signing up with them knowing that a credit card debt settlement program may not be in their best interest. I will get into debt settlement companies here shortly but first I am going to tell you some of the things to watch out when having to deal with credit card debt collectors.

The first thing you should know is that they work on commission so they really don't care about you or what problems you are having in your life. Their only concern is to get you to give them as much money as possible.

Anyone who has had to deal with or is dealing with a debt collector knows what I am talking about. Most of them are going to try to manipulate and mislead you and will do almost anything to get you to pay them directly.

There are two types of collections companies. You have the ones that are run by the credit card companies and the private collectors that purchase your debt from the credit card companies.

When you have a credit card that is 60 days to 180 days in arrears you're going to start getting phone calls from people trying to collect the balance of your debt. At this point you are still with the original credit card company so they are still going to try and see what’s going on and try to collect the debt amount.

After the 180 days of none payment your credit card goes into what is known as charge off. This is where the credit card company takes your debt and has to make a decision on what to do next. They might keep it in one of their collection departments or sell it to a debt collection agency. Most of the time if they have not heard from nor have any new information on you then they will usually sell it off to a private debt collection agency.

These collection companies buy millions of dollars worth of debt from the credit card companies on a regular basis. Once the debt collection agency has purchased your debt they put all the information into an automatic dialer and start the collection process.

This is when you will start to receive a lot of phone calls and letters. Most of the people I speak with tell me that the person that is trying to collect the debt keeps calling them 4 or 5 times a day and sometimes even more than that.

When you receive these calls most of the time it is not from some guy sitting in front of a computer dialing your number it is done by an automated dialer. If you pick up the phone and cover the mouth piece and just listen you will hear a clicking sound and then someone will say hello or hang up. As soon as you pick up the phone the computer transfers the call to whoever is available at that time.This is why you get messages from a couple of different people that all work for the same company.

There are a lot of people that won't pick up the phone if they don't know who is calling. Really if it is important they will leave a message for you and you can call them back, that is if you want to talk with them.Here is a clip from ABC nightly news and you should see this especially if you have teenagers that are in collage or on their way there then you should watch this documentary called Maxed Out. It talks about the credit card industry and what collectors will do in order to collect a debt from someone.

Some of the clips will really get to you because you see how wrong and unfair their tactics are to consumers. This is why it can be in your best interest to have a reputable debt settlement company working on your behalf.

Please continue I have more information in dealing with debt collectors 2 and also part 3. I will talk about the benifits of using a debt negotiations company to get you the best possible settlement on your debts. I hope this information has been helpful so far. If at any time you have any questions please don't hesitate to ask me. Just write them below and I will respond to them within a day or so.Thank you


    0 of 8192 characters used
    Post Comment

    • profile image

      Debt Collectors agencies 

      7 years ago

      good post, thanks for sharing nice and important information, Debt collection or debt recovery has to be done with a professional approach, to maintain the good will between your client and yourself.

    • profile image

      Don Draper 

      9 years ago

      Ahead of investing any more of your time and effort in credit card debt elimination, you should consider if debt settlement is the right option for you. The first question you have to ask is "Do you have a legitimate financial hardship?"

    • profile image


      9 years ago

      Really good information to know about collections companies. They can be very disrespectful and rude a lot of the times. Keep up the good work on your hubs.

    • profile image


      9 years ago

      Great hub very informative. I can't believe what I saw in the maxed out video. How can the credit card companies get away with that. I will be calling you in a couple of days so hopefully you can assist me in getting out of debt. Thanks

    • Lgali profile image


      9 years ago

      good tips nice hub

    • AEvans profile image


      9 years ago from SomeWhere Out There

      Believe me I need this as with my husband being layed off and having a heart attack, I am the sole supporter right now and we have exhausted all of your savings thanks for this information!!:)

    • profile image

      I Know Credit 

      10 years ago

      Smart tips! People should follow your examples and they'll be set.

    • profile image

      Sarah M 

      10 years ago

      WOW!!!! Thank you for this information, I learned a couple of new things. You have a great hub and will be looking foward to reading the other ones.

    • profile image


      10 years ago

      Thanks for the help.

    • profile image


      10 years ago

      Thanks for the advice. I have been trying to deal with the collection company but they keep on saying one thing and doing another. I will look into your info thanks again


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)