Debt collectors are bottom feeders.
A debt collector buys debt from the original owner of the debt for pennies on the dollar. As such, if you put up a big enough fight, they’re eventually going to leave you alone.
If you have a debt that’s under the small claims court limits, they’re even less likely to pursue you. Debt collection agencies might call you repeatedly and send you nasty letters in the mail because it’s cheap to do so.
Many times, once they figure out you’re going to make them comply with the law, they’ll leave you alone.
If it’s going to cost more to collect the debt than the actual amount of the debt, the collection agency isn’t going to be filing lawsuits anytime soon. They just want to shake the tree to see what falls out.
DISCLAIMER:
****CHRISTINE SPRINGER IS NOT A LICENSED ATTORNEY OR FINANCIAL ADVISOR. THIS BLOG IS COMPRISED OF HER OPINIONS, OBSERVATIONS AND INTERPRETATIONS AND IS NOT INTENDED TO BE CONSTRUED AS LEGAL ADVICE. PLEASE CONSULT WITH AN ATTORNEY BEFORE RELYING ON OR TAKING ANY ACTION BASED ON THE INFORMATION IN THIS BLOG.****
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