Keeping Your Money Safe from Junk Debt Buyers | Uber Articles
Username:   Remember Me

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory


Keeping Your Money Safe from Junk Debt Buyers

By Greg Gragtmans

Junk debt buyers–what are they and how do you deal with them? These companies make a business of purchasing delinquent debts. Then they try to collect on the debts for their own profit. Although these companies may claim to have ethical practices and say they only want to collect legally due debts, keep in mind, your debts keep them in businesses. Some less than ethical collection companies will try to get as much money, ethically or otherwise, as possible. In order to avoid their mercenary tactics, arm yourself with a few tips and tactics of your own before going to battle against junk debt companies.

In order to avoid paying more than you have to, keep in mind the goal of junk debt buyers. They want your money and are trained in the tactics needed to get it. Begging for leniency likely won’t get you anywhere. Deal with them as a businessman. Approach them professionally. Check out the legality of their practices and refuse to undergo any illegal treatment. Be firm.

One way to make sure you are treated ethically is to look into the fees the junk debt buyer demands. Although you likely will have to pay for your initial debt, these companies often add on unnecessary charges. Get educated about different laws, including the statute of limitation in your area. Don’t get pushed around due to ignorance.

When dealing with debt buyers, you first should make sure your debt is valid. Sometimes these companies fabricate debts in order to get more money. Don’t agree to anything or even listen to their demands before you get a debt validation. Then, even if they can prove the validity of your debt, don’t think you need to concede to all their requests. Only pay as much as you have to. Don’t stop fighting.

Get legal help and work on negotiating a settlement. Don’t give into demands for immediate payment. Debt buyers make a large profit on the debts they buy. They may still make that profit if you pay less than they initially ask for and are often willing to compromise. Fight for a settlement. Also, after the settlement is drawn up, have a lawyer read it. Make sure the debt company still treats you ethically.

Overall, the most important thing is to stay on top of everything with the junk debt buyers you’re dealing with. Make sure to keep track of all their tactics. Research everything for its legality or validity before agreeing. Stay proactive. You may find that coming to an ethical and fair agreement is easier than you thought.

For more details about junk debt buyers visit this junk debt website. If NCO Financial is after you, then go here: NCO Financial Systems.. Check here for free reprint license: Keeping Your Money Safe from Junk Debt Buyers.

categories: debt,nco financial,bad debt,junk debt,buy debt,credit cards

Article kindly provided by

Topics: Finance | Comments Off

Tags: , , , , , ,

Article Citation
MLA Style Citation:
Gragtmans, Greg "Keeping Your Money Safe from Junk Debt Buyers." Keeping Your Money Safe from Junk Debt Buyers. 23 Jun. 2010. 27 Jul 2014 <>.

APA Style Citation:
Gragtmans, G (2010, June 23). Keeping Your Money Safe from Junk Debt Buyers. Retrieved July 27, 2014, from

Chicago Style Citation:
Gragtmans, Greg "Keeping Your Money Safe from Junk Debt Buyers"

Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to

Comments are closed.

Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Finance

  • Plugin UAW into your sites and start receiving fresh, unique and niche relevant content today and everyday!