How to Dodge the Debt Collector

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The reason they have this "negative stereotype" is because several of them actually DO those things.....The company mentioned in the first comment, Liberty Acquisitions LLC, is one of those companies. They employ illegal and immoral debt collection techniques, including intimidation and misrepresentation of the facts. Companies like this need to be closed down permanently!

Concerned Citizen of CO 9:00PM March 08, 2010

When we will stop with these well-worn, negative stereotypes that simply aren't true anymore when it comes to this industry? Read this story in the New York Times (http://www.nytimes.com/2009/01/25/business/25pre.html?_r=2&scp=1&sq=amy%20zipkin&st=cse) where an everyday debt collector gets to tell his side of things about what we do each day.

Believe it or not, the vast majority of debt collectors are trying to help you, not harm you. If you visit www.debtcollectorstories.com you'll even see a video example of a consumer actually praising a debt collector for helping her figure out a complex financial situation that was preventing this particular consumer from buying a home.

John Nemo of MN 2:56PM February 18, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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