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Collectors Getting More Sophisticated to Protect Against Abuse Lawsuits By Debtors

I just received am email from a company called "Colombia Financial International". The title of the email is "Protect yourself from FDCPA and FCRA lawsuits."It is addressed to debt collectors and creditors and states that over 500 new cases against these groups are filed each month by debtors.

Here is a quote from the ad: "In partnership with Columbia Financial International, WebRecon's FDCPA Litigant Alert empowers you to protect yourself from overly-litigious debtors by allowing you to compare FDCPA/FCRA litigants nationwide with debtors in your own database. Find out immediately if you are collecting against anybody with a history of suing collection agencies."

Yes, they maintain a list of debtors who file lawsuits against the collection industry for abuse. As debtors become more and more knowledgeable about their rights, more lawsuits are filed and won. This makes it more and more expensive for collection companies collect on a debt and make money. If they know they are collecting on someone who knows their way around the courts, they might be more on guard and more inclined to settle.

They also list all the new lawsuits each month, so collectors can get a feel for exactly what items are being sued for. Certainly, we cannot blame the industry for trying to protect itself. just as they cannot blame debtors for insisting that their rights not be trampled on. Generally, debtors only sue, if the collector is particularly obnoxious and impossible to deal with in a civilized and reasonable manner.

Here is the website which is offering this tool to collectors:Collection Lawsuit Tools I list it here so you can become more informed. Remember, you are in a battle,if you are trying to become debt free. As all my readers know I never suggest for anyone to try to beat the system, however, If you are enslaved by debt you need every tool at your disposal.

If you need information on what to do if you are being sued or harassed by a creditor, please visit our website: American Debt Enders and click on the Legal Resource Page. You can also subscribe free to our FREE Credit Counseling Newsletter while their. And as always, please feelfree to contact us using the information below if you have questions. We would love to hear from you. Written By:
Steven Ciantro
Member National Association Of Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465

Banks Still Putting Screws To Consumers With Credit Cards

Did anyone happen to catch the wonderful show put on by the bank CEO's appearing before congress last week? It's almost like a quickly rehearsed badly produced, thrown together, made for TV movie. The congressman looking down from their towers, wave letters from constituents who are bitterly complaining that are being charged 30% interest on their credit cards. The waving of the letterswas a pretty nice touch, from a production standpoint. The bankers sit their looking blank, (can't be accused of anything with that blank stare), and say, yes they are getting it.

I want to know what drug they are all taking, because, I want some. Whatever it is, it seems to create a peaceful sense of unreality. Could it be that they are taking Soma, from Huxley's Brave New World, and are just keeping it all to themselves? Lets see. People who are never late on there payments are getting pounded with higher interest rates and raised payments. This is happening to a greater and greater extent. The congress was so concerned about this when they passed the "Credit Card Reform Act" that they actually gave the banks 18 months to freely jam consumers before its implementation. Not to mention, that the bill simply does not stop usurious interest charges at any point. Now, the banks just have to give you more notice. Even better.

You would think it would be in the interest of the banks to give more reasonable terms when a consumer enrolls in a debt management program. The banks are carrying one trillion dollars of credit card debt. Yes, they lower the interest rates but 9 times out of 10 the payment increases to a point where it is simply Unmanageable, forcing the consumer to look at debt settlement or bankruptcy as the only way out.

If you are trapped in this cycle, and have had enough. Contact someone who has not yet been put onto Soma, and really cares, by visiting the American Debt Enders website, and seeing what we have to offer by way of debt relief.

If you enjoyed this article, by all means, subscribe FREE, to our Free Credit Counseling Newsletter, by visiting the website and clicking on Subscribe Now.

To our many subscribers and loyal readers, a special thanks to all of you for the great comments you leave. We have now published your comments on this blog. Keep it up, we appreciate your thoughts. Written By:
Steven Ciantro
Member National Association of Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Please Do Not Wait For Stimulus

No doubt we will have a huge stimulus or spending bill passed shortly. opefully, it will contain enough well focused ingredients, to help homeowners on the verge of losing their homes and stop the bleeding in the housing market. But, here is the bottom line. This type of stimulus has been tried before, but never to this magnitude, and only prolonged the agony, for a long time. Also, realize that this is a world wide problem. So, since the whole world has to be fixed economically, it's not looking to good. Even the experts cannot agree. Except everyone agrees that no one is 100% sure of anything.

Take a close and honest look at our leaders in Washington who are the plans masterminds.They were, for the most part, all in positions of leadership when the problems started. Surely, you do not believe that George Bush caused all this. So these are the same wonderkinds now teling us that they and only they have the solution.

I'm sorry to be a naysayer, but my common sense and own research into this stimulus bill, tell me otherwise. If you are reading this article and you are on the verge of financial disaster in your own life. You need to take action. Their is debt help and guidance available.

Personal financial crises's are easier to deal with if you only need to concentrate on the basics of living. Things like, food, shelter, and clothing. You can always work toward a more prosperous way of life, if you are debt free and have the basics covered. In order to be in this position, you need to dump your debt, and the faster the better.

If this message is resounding with you, then by all means visit us at:American Debt Enders. and use the site resources to help you. If you are being sued by a creditor than click on the Creditor Lawsuit Resources link to find out how to handle that problem. If you need Budgeting Help we can show you how. If your debt is simply driving you crazy, and you are ready to deal with it, please contact us, we have solutions like Debt Settlement, Debt Managemenbt, and even some you never heard of. Written By:
Steven Ciantro
Member National Association of Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465