(ThyBlackMan.com) In my days working as a Legal Assistant at a Bankruptcy Prevention Law Firm, I witnessed some of the dirtiest deeds done by Debt Collectors. In this article, I’ll reveal two of these despicable deeds, so hopefully you won’t be destined to be a victim of them.
1. Suing for a Debt: You can very well find yourself being dragged into court over this dastardly deed. How it works is the Creditor (lender) forwards the account to a ‘local collection Law Firm’. Next the Law Firm will make 
aggressive attempts to collect the debt. Generally after 60 days if the Consumer (debtor) can’t pay, a Law Suit will most likely be filed.
Why do Debt Collectors Sue? They sue because it works. There’s almost nothing more terrifying than having a Sheriff or Process Server come to your door with a Complaint filed with the Court (Summons).
What can you do? First, communicate with the Debt Collection Law Firm. It’s best to keep your communication in writing. That way, what you say is an official record of the communication. Next if you suspect that the debt may be dead (out of the Statue of Limitations) and too old to be legally collected on please ‘Validate’ the debt in question.
2. Back-Dating the Debt: this is also known as “re-aging” the Debt. Re-aging a Debt is the process of the Debt Collector moving the date of last payment. For example, say you had a Credit Card and you could not afford to pay it any longer. Let’s go on to say that you made your last payment in June of that year. But when you go to look at your Credit Report, the Debt Collector has reported that you made your last payment in December of that year. The collector has just added six months to the Statue of Limitations for collection.
Why do Debt Collectors Re-Age the Debt? They re-age the Debt to give them more time to collect. In the case above, the re-aging would give the Debt Collector six extra months to hound and harass the Debtor to get paid. This may also give a Debt Collection Law Firm six more months to sue for the debt.
What Can You Do? Again, validate the Debt. Make sure that the date of your last payment is properly reflected on your Credit Report. You can also, write the Debt Collector and inform them that you are aware of their tricks. You may also have the option of taking the Debt Collector to court for violations of Consumer Credit Law. I’m not an Attorney and this is not legal advice. But I’ve witnessed dozens of despicable deeds done by Debt Collectors to collect Debts. If you have any past-due balances please make sure to be on-guard against these two tricks that can ruin your financial future.
Written By Carlton Ford
Official website; http://CreditBootcamp.info
