[caption id="attachment_3085" align="alignleft" width="160"] If you notice that hrrg accounts have been tagged onto your credit profile then you may have also noticed that your score has taken a nose dive. Don't worry you can fix your situation here.[/caption]
Most debt collectors (like HRRG) are counting on consumers to be ignorant of your rights and easy to manipulate into outrageous repayment plans that will saddle us with interest for years.
So before you pay off your debt collector, let me tell you everything they don't want you to know.
First of all, debt collectors don't want you to know how little they have paid for your debt. They have paid the original lender a mere fraction of the actual balance of your debt, and they're gambling that they can convince you to repay the full balance PLUS interest and fees.
So don't believe debt collectors like HRRG when they claim to be offering a plan in your "best interests". Remember, no matter how good the payment plan sounds, you can be sure it still includes plenty of profit for them.
Debt collectors also don't want you to know that you have the right to initiate debt validation within 30 days of receiving your first collection notice.
By initiating debt validation, you force the debt collectors to stop calling you and focus on providing legal proof that you owe the debt, that the amount of the debt is correct, and that they are authorized to collect the debt in your state.
Naturally, if they can't prove it, you don't have to pay them.
Just because you miss the opportunity to use the debt validation process doesn't mean you are stuck paying an invalid or inaccurate debt.
It is still illegal for debt collectors to target you for collection of debts that are not in your name, are the result of identity theft, are expired, are the result of an accounting error at the original lender, or have been previously paid in full, deferred, or discharged in a bankruptcy. If you think your debt falls into any of these categories, get a lawyer to help you prove it.
Debt collectors can be very pushy and even rude in their efforts to secure repayment on your debts. They will call you so much it will drive you nuts, and they may even start calling your boss or your family "looking" for you.
Really, they are trying to sneakily spread word of your debts to people you are close to, in an effort to shame you into paying. They may also try to scare you into paying, by threatening to send you to jail or have your wages garnished.
Don't fall victim to these tactics! In reality, these tactics are unethical, and some of them are even illegal under the Fair Debt Collection Practices Act.
For example, under this act debt collectors may not call simply to harass you, call after 9 pm or before 8 am, call your work if you've told them not to, or make groundless threats of legal action.
Another thing debt collectors like HRRG don't want you to know is just how effective hiring a lawyer or credit repair law firm can be. However, I can tell you from experience that hiring a lawyer will be well worth the costs.