Debt collectors

Rabidlamb wrote: »

Have you cancelled this card.
They'll keep adding penalties & interest every month if you don't cancel the card.
They may have cancelled it already themselves but it's worth checking.



Ok, if it has been passed on to a Debt Collectors (Cabot Financial, Interim Justia) they have no power to repossess anything.
They use this threat as a scare tactic to shake out the low hanging fruit.
As you're not living at that address their is a double reason not to worry on that point, only a court appointed sherrif has the power to remove goods.
Count yourself lucky they don't have an existing number for you or you'd be getting hounded every day.
They have bought the debt from the existing CC company, probably for a very small amount with a hope of recouping more than they paid for it.
The letters will go in a cycle & you'll receive threats of court & draft summonses that look authentic with your name & a court date TBC.
These "solicitors" work full-time for the Debt Collectors changing names & figures on letter templates.
After time you'll receive an offer from them asking for 50% or less of the amount owed to settle the matter.
Normally they give up after 3-6 months of being ignored but occasionally you'll get another fishing letter.

correct mostly:D

Old Tom bailed the banks? Thanks for that.

keithclancy wrote: »

I'm a taxpayer in Germany .. does that mean that I'm owed something ?

I thought I was clear that I speak for myself. My money was taken and given to the bankers and hence I'm concerned whether or not I'm gonna see them back. And with what interest?

token101 wrote: »

The OP is in another country, he's not paying FA.

... and that's why I am offering that the bank takes the money that was taken off me by force, and use this money to cover his debt, as I stated already in post 13

kincsem wrote: »

Old Tom bailed the banks? Thanks for that.

I have indeed, if you pay your taxes in Ireland - you have as well. So have other taxpayers. If you can't see it.. well, get more lubricant. I'm sure it'll come in handy.

This is actually an excellent video to open people's eyes:

Firefox11 wrote: »

why to people get awfully mixed up about private debt and banks and bailouts.

And why people don't get that a debt is a debt and money is money - no matter who owes what? Private, commercial - who cares, the same money, the same debt. The bankers get bailout, what the ordinary people or small local businesses get? A finger up the bum.

And I have no trouble with my mortgage, any other loans or any other financial worries. I say this because I think it's the right thing to do. We are being fcuked up the "3rd eye" and we think this is the way it should be, just because "it's been like that for years".

Well, I don't agree with that and I have a constitutional right not to agree with it.

The law is actually more on your side than theirs OP - there is a SEVERELY low number of times they can contact you before you can register an official complaint against them for undue harassment. Court!? Ha, good luck with that - it's a civil matter and the courts are rammed with bigger fish to fry - idle threat.
If debt collectors call you, simply tell them that if they call you again you will be taking an action for harrassment against them. The letters are useful for starting the fire in the evening and anybody physically turning up at your door, call the guards and tell them you feel physically intimidated by this person. The collector will run a mile. Offer BOI €50 to clear the debt in FULL. They will pi55 and whinge but will probably take it. Hard neck required here, but you need to turn the tables - don't shout, don't refuse to answer the phone, don't ignore the letters - just smile, offer a crappily small settlement figure - threaten action if they harass you and hard neck your offer till they accept.
Most importantly for others that owe money, refuse to be intimidated, refuse to have your life made a misery and definitly DO NOT despair or worry yourself sick/into depression. There are men out there who owe millions haveing a steak and a pint tonight without a care in the world - follow their lead and live your life -it's only money.

ahh the old story-borrow 10k and don't pay it back, you have a problem. Borrow 10 million and dont pay it back, bank has a problem. Anyway, spout away all the "moral virtue" crowd, my kid ran a debt collection agency for a good few years and did well. She gave it up and closed shop last year-too many decent people down on their luck with absolutely no means to pay to be able to keep harassing them and still sleep at night with a clear conscience. Blood from stones and all that.

Borrow from a credit union and pay it off and rip up your CC, you will need credit sometime in your life.

Companies who send reminders to people to pay the money they owe for a service they knowingly use - what bastards! Services should be free!

The sense of entitlement some people have when it's services for which they don't have to pay immediately is just a joke - they pay in the supermarket upfront, why the taking issue with bills for which they get longer to pay? I honestly think it's because they "don't want to" and nothing more.

I totally sympathise with people who are struggling, but people who just let things build up because they can't be arsed paying, and then get uppity when it's noted: hard to have sympathy for them most of the time.

It doesn't matter if you don't owe millions - you owe them money, simple as.

Same people would be bitching and moaning then if they DIDN'T get reminders...

I also love the "I refuse to pay on principle, but it's grand that most other people pay" gem.

Not referring to the household charge btw, to which I'm opposed. Referring more to commercial services.