My Noogee

Posts Tagged ‘collection agency fees’

Freebie trading, a controversial moneymaking ploy utilizes online forums, You Tube videos, personal websites and various other marketing tactics to guide traffic to web sites that advertise many products and trial offer in exchange for a fee. Freebie trading differs from other types of affiliate marketing because it includes people who make an agreement to purchase products from these sites on one another’s behalf, for a cut of the commission that results in exchange.

Freebie trading has turned into a multimillion dollar industry these last few years in which people that work from home have the ability to earn incomes of as much as five thousand dollars a month. Because our economy is so full of unemployment and underemployment, many people are picking this business as a source of extra money.

Freebie trading starts with what is called an incentivized freebie website. Incentivized freebie websites are special sites with trial offers that include hundreds of different products, cash, and prizes such as iPhones, Xbox 360s and plasma TVs. Some well known businesses offer these incentives, but less reputable companies such as online psychic services can be found on these sites as well.

Incentivized freebie websites are not allowed to compensate you for trying their products that they advertise, but they are permitted to pay you to refer customers to them. In theory, the proceeds would be shared with your referrals. These commissions can span from forty dollars to one hundred and twenty dollars a customer.

But, critics still remain dubious of freebie trading. Some people are quick to point out that they are forced to give out a lot of personal information, perhaps too much. Problems arise when it comes to completing trades and obtaining payment. Also, if you sign up for trial offers then make the simple mistake of forgetting to cancel the ones that you don’t want, you could get stuck with charges on your credit card. Finally, some people say that they just haven’t reaped any money as a benefit, while others who manage to get money for their trades might find the whole process time consuming and tedious.

Mallory Megan works for Rapid Recovery Solution and writes articles on commercial collection agencies. Free reprint avaialable from: Freebie Trading – Get Rich Scam Or Get Rich Quick?.

For some reason a gathering of mid-level bankruptcy professionals made it into the news recently. They met at a bar, some networked, others found new clients, and others just came for the fun. Sources reveal that all of the young executives were enjoying themselves thoroughly.

Perhaps one of the only industries flourishing in today’s economy; the corporate restructuring profession is experiencing an upswing. According to statistics, U.S. business bankruptcies climbed up to 38% in 2009 from the year before. That’s a pretty big change.

This increase prompted advisory firms into pumping up their practices with new “turnaround experts,” young lawyers who burn the midnight oil in order to handle the onslaught of bankruptcy cases. Established pros have without a doubt enjoyed a good company-approved networking outing; wine tastings, makeover and martinis groups, and golf are just a couple of examples. Unfortunately, this leaves only the less experienced attorneys to work at a desk into the night.

This was not the first get together like this. December marked the first gathering of the “Turnaround Underground” posse. Oops did I say posse? I meant gathering. Turnaround Underground gathering. Some attorneys came to network. A few attorneys came looking for love in all the wrong places. “You can meet your best friend here, meet your significant other here. This is not all about business” a starry eyed lawyer cooed. But some of the party-goers managed to leave work at work, loosening their ties and kicking up their feet.

Fashionably late, guests flooded the bar minutes after the gathering officially began at 7 pm in a classy New York City nightspot. Within 45 minutes, there were BlackBerrys, business suits, and beer as far as the eye could see. In fact, one rowdy attorney who wisely declined to be named was quoted as saying “Everything is better with beer.” All in all, it seems as though Turnaround Underground is a success.

Rapid Recovery Solution is a credit collection agencies. Get a totally unique version of this article from our article submission service

It is important that debt collectors respect your privacy. According to the Fair Debt Collection Practice Act, debt collectors cannot exchange information about people that owe a debt. They can’t distribute a list of debtors to its creditor subscribers. They cannot advertise a debt for sale, or compile a list of debtors to its creditor subscribers.

They cannot advertise a debt for the use of sale, or make a list of debtors for sale to others. They are prohibited from leaving messages with third parties asking the debtor to call them. The exterior of envelopes sent by collections agents cannot indicate the purpose of the letter in any way. Postcards are never allowed.

A collector is permitted to send mail in care of another person only if you reside at that address or if you receive your mail at that address. If you share your address with others the mail should be labeled “private” or personal. Basically, the letter can’t give any appearance alluding to the fact that it is a collections bill.

A debt collector that knows your name and telephone number and thus can contact you directly is not allowed to contact your neighbors or family members. If they cannot locate you and they do call your family members or neighbors, the collector must identify themselves by name but not disclose the fact that they are a debt collector.

They can’t tell others you owe money or speak to them about account details. They cannot contact the person more than once, can’t leave information about a the money on another person’s voicemail and they have to disclose the name of the collection agency but only if asked.

If you are being contacted by a collector looking for your former roommate, relative or neighbor, the Fair Debt Collection Practice Act says a collector can only be in contact with you to find the location of the person who owes the money. Only if the collector believes you have new information can they be in touch again. If a collector contacts you repeatedly about a third party that can be considered harassment and you can file a complaint.

Mallory McGuinness-Hickey is employed by Rapid Recovery Solution and writes free lance articles on debt collection and finances.

The government is stepping up as debt collection scams rise. In recent news, Buffalo New York has been home to a number of unlawful debt collection practices, and authorities have arrested at least twelve people. Although the vast majority of collection agencies are legitimate and good for the economy, there has been a rising amount of deceptive and illegal practices.

In Buffalo, collections agents have been caught calling up people that owe money and posing as law enforcement. They have threatened to send people that owe money into jail, or even take child custody away from them. But it doesn’t stop there.

A recent civil case imposed a $675,000 penalty ever imposed on a debt collection business, for illegal and deceptive practices. This includes harrassing and lying to consumers, cashing in on post dated checks early, and disclosing their debt to third parties. These tactics came by deceptive claims from agents saying they were lawyers or other figures of authority.

In addition to refusing to reveal the address or phone number of the “company” these agents even went as far as to call people who were not in any debt at all and attempted to collect money from them. Even though the owners of said companies alleged that it was individual workers acting fraudulently, the Federal Trade Commission went after the business owners and won a case that imposed the biggest penalty ever for debt collection agencies.

To skirt the issue of being a victim to fraudulent collection agencies, it is imperative that you know your rights. A collection company can never seize a debtor’s assets, bank accounts, or paychecks. They can not get a debtor fired from their occupation, and cannot make any kind of public disclosures concerning the debt, and they can definitely never threaten or engage in violent acts.

For more information, refer to the Fair Debt Collection Practices Act, which outlines the rules and regulations of debt collection.

Mallory McGuinness is employed by a collections agency that works with a debt collection lawyer. Also, she does stories on business, finance, the credit industry and collections agencies. Visit the Uber Article Directory to get a totally unique version of this article for reprint.

-

More on the Topic of Business and Finance

Learn More About College Student Credit Card and the Best Student Credit Card too

Learn More About Minority Small Business Loan and Small Business Loan For Women

Forex Trading – Get basic tips and info on Forex trading and how you can use this information

Learn more about Forex Trading and or Forex Trading Software

Real Time Stock Ticker and Forex Day Trading System

Thanks

MyNoogee

In the midst of the real estate boom, many homebuyers extended their finances to purchase a house that might have been beyond their means. With the market on fire, people were apt to buy with low introductory interest rates and interest-only loans. They believed that their income would increase to meet their payments and predicted that real estate prices would never fall. Unfortunately, adjustable-rate mortgages have adjusted and monthly mortgage payments have gone up. Couple that with the fact that income hasn’t increased, and you will see why more people have fallen behind with their mortgage payments.

As house prices diminish and with interest-only mortgages on the decline, more homeowners actually owe more on their mortgages than what their house is worth. It doubtlessly has occurred to many homeowners that this makes sense, as many are defaulting on mortgage payments as we speak.

Quick breakdown to explain the situation: you purchase a house for $400,000 that is now worth only $300,000. Thanks to an interest-only mortgage, you still owe $400,000. If you erased this off of your balance sheet, your net worth will increase by $100,000. Granted, you’d still need a place to live, but from this point you could purchase a more affordable house or rent for a bit of time.

However there is one large drawback to abandoning your house. If you do, you will trash your credit rating, making it difficult or even impossible to rent an apartment, get a new mortgage, and even a job. There is a huge drawback to abandoning your responsibilities. If you walk away, you will destroy your credit rating, making it more difficult or impossible to rent an apartment, qualify for a new mortgage, and perhaps get a job.

New legislation is out now to be of assistance to families facing foreclosure, which will encourage people to pick alternative options other than abandonment.

Mallory Megan is employed bya debt collection company. Click here to get your own unique version of this article with free reprint rights.

-

More on the Topic of Business and Finance

Learn More About College Student Credit Card and the Best Student Credit Card too

Learn More About  Minority Small Business Loan and Small Business Loan For Women

Pay Off Debt – Learn how you can be financially free of debt and have a brighter financial outlook

School Consolidation Loan – If student loans gets too much of a burden to manage, consolidate school debts

Mortgage Refinancing – When in need to extra money to use whichever you like, a good option is to get refinance your home

-