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 Posted: Thu Jul 13, 2006 11:08 am |
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I'm curious if anyone has a complaint about Bud Hibbs?
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Cheeto
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Debtcc Points: 100
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| Posted: Thu Jul 13, 2006 11:21 am |
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Bud Hibbs is not run by an individual body. It is a good website informing about the illegal debt collectors in the US. Many people having problems against some agencies put their complaints at their site and their team puts the complaints online.
This website also has similar goals. The main idea is to spread the news that can be used by all. There are so many lenders charging disputed amount and putting illegal collections. A composite picture is put in this page for informing the people. Did you read this one?
http://www.debtconsolidationcare.com/handle-collectors.html
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andyyoung
Joined: 05 Jun 2006
Posts: 477
Debtcc Points: 6485
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| Posted: Thu Jul 13, 2006 1:01 pm |
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I think Bud Hibbs is an individual. His website says -Bud Hibbs is a nationally recognized expert in the area of consumer credit and debt collection practices. Bud is NOT an attorney, but his twenty plus years as an advocate associated with consumer law and advocacy professionals from around the nation has earned him the title of “America's Consumer Credit Expert-
Debtconsolidationcare and Bud Hibbs website are both a very good source of information!
e is a nationally recognized
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Kathryn
Joined: 29 Jul 2005
Posts: 96
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| Posted: Thu Jul 13, 2006 2:13 pm |
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Download his book. It has alot of interesting information regarding collection agencies and other interesting topics.
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3164
Debtcc Points: 45626
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| Posted: Thu Jul 13, 2006 2:31 pm |
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Which book Tammy??
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GunsNroses
Debt Samaritan
Joined: 08 Jun 2006
Posts: 500
Debtcc Points: 7991
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| Posted: Thu Jul 13, 2006 3:13 pm |
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I will pm you the link to the book on his site.
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3164
Debtcc Points: 45626
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| Posted: Thu Jul 13, 2006 8:19 pm |
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Bud Hibbs is awsome, he and this website have been a God send! I had filled out a form on his website that basically would help him decide if I was eligible to get help from him, then for the heck of it- I called his 800 # and left a brief message about the trouble I was having with Gerald Moore and his goons. About three hours later- my phone rang and it was Bud Hibbs calling me back! I was so shocked, he took 20 minutes out of his day and he gave me great advice. I still cant believe it, he said for me to let him know how it works out and if he can do anything else. He also recommends going to the NACA (I think thats the correct name), he says they could help me if I needed it. His website is so helpful, I learned so much from them and this website as well. I think they go hand in hand. I tell everyone who is having CA trouble to visit these two sites. His book is great also- a free download! Imagine that!
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Jill35
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| Posted: Sun Jul 16, 2006 11:57 am |
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Bud Hibbs rocks! His website is great and yes, he will call you if you e-mail him with your questions. I was having a sleepless night and ended up e-mailing him in the wee hours. By noon the next day I was talking to him on the phone. I've been dealing with him and so far, so good.
My advice is to contact him and see what he has to say concerning your situation. It can't hurt.
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macgucci
Joined: 06 Jul 2006
Posts: 1
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| Posted: Tue Jul 18, 2006 10:26 pm |
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Hi Macgucci! you're right, he does rock and if you email him, he gets right back to you!! I had a complaint about a collection agency I have been dealing with and I wrote to him---told him that I couldn't believe others haven't complained to him about this particular agency, that it couldn't just_be_me...he wrote right back. He is an indivisual. =) shirley
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imkimssister
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| Posted: Thu Jul 27, 2006 10:58 am |
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I know people that have contacted him regarding payment on past due bills. He uses the laws to avoid paying his obligations. Anyone that uses these tactics are more of a scum bag than the collectors that you claim "harass" you.
Think about it. If you were the type of person that would repay with kind letters and the occasional phone call you wouldnt get calls from a collection agency. You would have paid the original creditor. IF YOU FIT THIS DESCRIPTION, YOU ARE A WHAT COLLECTORS CALL A DEADBEAT. YOU CANT BE TRUSTED WITH LOANED MONEY. YOUR PARENTS WOULD BE PROUD!!!!!!!!
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Bill C. Lector
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| Posted: Thu Jul 27, 2006 4:02 pm |
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Bill C. Lector, there are no deadbeats here, just everyday people who hit a bump in the financial road. About what you said about Bud Hibbs, is that to suggest that he is a poor role model for his clients? Please elaborate.
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JediMistressAri
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| Posted: Thu Jul 27, 2006 5:54 pm |
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Budd Hibbs exposes the collection agencies for what they really are. Encore Receivable Management made the agency watch list. He hits on the nail head when it comes to the truth on the crooked collection agencies.
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NotsoLucky
Joined: 02 Nov 2005
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| Posted: Thu Jul 27, 2006 6:04 pm |
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| Quote: | | I know people that have contacted him regarding payment on past due bills. He uses the laws to avoid paying his obligations. |
I would also like to know what Bill C. Lector means by this.
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JediMistressAri
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| Posted: Thu Jul 27, 2006 6:08 pm |
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Ari, this is what he is talking about.
| Quote: | Far too many people have the wrong idea about consumer debt. It's okay to have and use credit cards as long as you don't allow them to get out of hand and control you, but what choices do you have when that happens to you? When you owe money, there are really only four options available:
Pay Your Debt
credit counseling
Bankruptcy Protection (Now more difficult than ever)
Stop Paying and Walk Away
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1. PAY YOUR DEBTS:
The obvious scenario is to pay your debts off in accordance with the terms and conditions of your credit card agreement (and all subsequent addendums to it.) This will eliminate any fear of having a bad credit report or the hassles of dealing with the collection process. If your credit cards are maxed out and you are barely making minimum payments, look to moving the highest rates down to lower card rates while continuing to make larger than normal monthly payments. If you are having financial problems, stop using credit cards, tighten your belt, set up a strict budget and follow it. Think of this as a program like losing weight, stopping smoking or quitting some other dreaded habit. You need to implement a plan that will change your financial course.
2. ENROLL IN A CREDIT COUNSELING PROGRAM:
Consumer Credit Counseling Service (CCCS) has had a reputation that for many years it misrepresented itself to consumers in the way that it conducted business. Only because of successful class action lawsuits has their monopoly on this market been broken. My complaint about all credit counseling is that they get paid a commission, (averaging 10-12%, paid by the creditors), yet try to confuse the consumer with misleading words and phrasing such as "non-profit." Don't be fooled! This is a billion-dollar industry which at one time was sold as franchises like McDonalds and Colonel Sanders. Credit counseling is much the same as a Chapter 13 Wage Earner Bankruptcy plan in which debtors enter a long-term program to repay their debts. This can last as long as five years, while seriously hampering your credit recovery. If you follow CCCS's program, the original creditor is allowed, under federal law, to report the debts for an additional seven years after you've made your last payment, thereby adding to the time it is allowed to stay on your credit reports. Another big problem is the contract they require clients to sign. You literally sign your rights away and give up any future rights to litigation, no matter what they do to you as a client. Finally, far too many of the credit counselors have demonstrated that they are too ill trained to be dealing with the complex issues of debt and collections. I have heard numerous stories from consumers across the nation that credit counselors gave improper advice which negatively impacted their lives, including advising consumers file for bankruptcy protection.
3. BANKRUPTCY PROTECTION:
The final decision! Bankruptcy Courts are reporting that in spite of the boom in the economy, consumers are flocking to bankruptcy court for protection from creditors. Is it any wonder that Congress is contemplating changing the laws to make it a lot tougher for consumers to dump their credit card debt? A myth I hear a lot is how a bankruptcy affords you the 'fresh start' and that lenders will approve you for loans because they know you can't file bankruptcy again. It's NOT true! Today your credit report contains a point score. A high score is what creditors look for as a basis for approving credit applications. When you have charge-off's, profit & losses (P&L's), judgments, tax liens and other credit problems such as a past bankruptcy filing, your credit score is significantly reduced to the point where you no longer qualify for credit approval. Nothing is free and nothing worthwhile is easy. Use common sense, trust your instincts and surf the net to find answers to your financial questions and problems. Old Wives' Tale: Everybody knows the myth of the bankrupted consumer who walked straight out of court and purchased a new car, a new home and instantly received new credit cards. In my two decades as a credit expert, I have NEVER encountered these circumstances. Trust me, it doesn't happen! The price for bankruptcy includes a bad credit report for 10 years, the possibility that companies will legally refuse to hire you and you can legally be denied some insurance as well as a security clearance and licensing. Bankruptcy is a stigma for life! The public records containing all of the personal information on your bankruptcy are kept in storage and are available for 20 years after the bankruptcy has been discharged or dismissed. In my opinion, bankruptcy should only be used as a last resort when all other options have failed. Want to learn more? Visit this site: American Bankruptcy Institute.
4. STOP PAYING & WALK AWAY:
This choice is the preferred one by most consumers because it affords anonymity without the stigma, the embarrassment and humiliation of credit counseling or bankruptcy court. However, this is where most consumers endure the tremendous hostility of the collection system. When an account is partially due, the in-house collector, who works for the original creditor, will contact you for the purpose of getting a payment. The collector has a computer screen with all of the information furnished by you, such as home phone, employer, work phone, etc. The computer program used to make these calls automatically alerts the collector if there is no contact and redials until contact is made. The auto-dialers cause many complaints about the numerous calls consumers receive. A creditor will not offer you an interest rate reduction or hardship program of lower payments until after you are behind for several months. The debtors, of course, reason that if this type of program were offered at the first sign of problems, then everyone who owes them money would be applying for hardship programs.
THE LAW IS UNFAIR:
Federal law, The Fair Credit Reporting Act, requires that the original creditor must 'Charge-Off' which means, it must act as if your account is non-collectable no later than 180 days from the date of your last payment. This information is then forwarded to the three credit bureaus for insertion into your file. Once there, derogatory entries are allowed to remain for up to seven years from the date of first placement, provided there are no further payments. (If you resume payments, the seven-year clock starts over.) At the point of 'Charge-Off' the account is usually turned over to an outside collection agency and/or law firm that collects debts. The agency/attorney collectors are paid commissions ranging from 15-25% of what they collect. When the agencies get your account, they will sometimes contact you immediately and start making demands for payment and, depending on the varied intelligence level or training of the collector (??), make varied threats, innuendoes, or attempt to intimidate debtors into sending them money. I have never heard of an attorney directly making collection calls, so beware, if you are contacted by anyone claiming to be an attorney. It's illegal under the Fair Debt Collection Practices Act (FDCPA) for anyone to misrepresent himself or herself in the collection of a debt. However, working as a debt collector has never required much intelligence or social skills, so don't be surprised with the level of low life's the industry produces.
COLLECTION AGENCY CONS:
Should you decide to go "underground", quit answering the phone, get an unlisted number, refuse to return calls, screen your calls or in any way avoid the collector, collectors will use other means at their disposal to contact you. Typical collection methods include contacting you where you work, (which is legal unless you properly notify them to stop), contacting your family and neighbors with some type of phony communication such as, there is an "emergency message." My favorite is the Mail-Gram notification ploy, which is a bright yellow letter, mailed by desperate agencies such as The Credit Store, Sioux Falls, SD. The mailer includes instructions for you to call their special 800#, inputting the special pin number contained in the notice which causes a recorded greeting such as "be sure and drive careful out there this week- end." You can put in any number you like because the call is only a con by agencies to capture your telephone number in their computers. The captured numbers are used by collectors to call you back. Whenever you call a number that starts with 800, 888, 877, 866, 855, the party at the other end can legally capture the number you are calling from. Another trick used by desperate collectors is to contact your place of employment and speak to your boss or the human resources department, asking to confirm employment. This method of harassment is used to help an agency begin the (illegal) threat of wage garnishment. Why do collectors lie and engage in this deception? ...$$ MONEY $$ |
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NotsoLucky
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| Posted: Thu Jul 27, 2006 7:35 pm |
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Interesting info!
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JediMistressAri
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