How Will Falling Property Market Affect Those In Serious Debts?

Written on November 30, 2009 – 1:18 pm | by TC |

I own a property in Bristol and have just looked on Hometrack to see if similar properties in the area are selling and if so, what sort of prices they are selling for. The results of my search were not great. A couple of properties just up the road from mine have sold in the [...]

Debt Collection Harassment From Barclaycard

Written on November 4, 2009 – 5:14 pm | by TC |

Having recently written an article explaining what is debt collection harassment it was a bit of a co-incidence that I then ended up being harassed myself by Barclaycard yesterday and the day before.
What happened was that my home phone received a phone call from them every couple of hours, each time it was a recorded message [...]

Why Debt Collection Agencies Buy Debts

Written on November 3, 2009 – 11:02 am | by TC |

One of the things you learn as you go through life is a certain truth – there is always a second-hand market for any commodity. Debts are no different.
Once a borrower has defaulted on a debt and ceased to pay the agreed amount under the terms and conditions of the borrowing, the value of the [...]

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What Is Debt Collection Harassment?

Written on November 2, 2009 – 10:48 pm | by TC |

Debt collection harassment is defined as when your creditors or the collection agencies they employ to collect on your debts make unreasonable attempts to collect the monies owed.
From my own experience, I have had creditors ringing my home everyday in some cases, leaving voicemails daily and writing threatening letters.
It doesn’t bother me as I understand [...]

What Is The Value Of Your Debts To A Debt Collection Agency?

Written on October 29, 2009 – 11:27 am | by TC |

I had a very interesting conversation with a colleague in the debt industry this week who runs a debt management firm. In the running of his business, he deals with debt collection agencies all the time, and so gets to know a bit about their business along the way, as one would.
He was talking to [...]