Why Don't You Just Pay Them?

I remember when bill collectors used to call my parents home all the time and my father used to ask my mother "Why doesn't he just pay them?" Well, it sounded easy enough because I certainly had the means, but what my parents couldn't wrap their heads around was why I didn't?

Well, it's not about having the ability to pay as much as it's about the statute of limitations. What I mean by this is that if a debt is close to falling off your credit report organically, as well as being past the point of being legitimately sued for the debt, then it makes no logical sense for me to pay it back.

Sure, there's the moral aspect of the fact that I did borrow the money and therefore I should pay it but the reality is that over time, things change and sometimes it's simply not in my best interest to pay back the debt. Sometimes it's just better to let the bad debt fall off your credit report naturally once seven years have passed and no one's the wiser!

You might also like: Statute of Limitations for Debt Collection

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Ghost Protocol

So here's the deal. If you think that you're the only person with mounting bills to pay, then let me be the first to tell you that you are not alone. We all run into tight financial situations that we think none of our friends are going through but more times than not, we are wrong.

Anyone can put on a front of having money to burn but that doesn't make it so. I've never been one to play that game because if I did, I would have never created this blog. If you've followed my blog at all, you'd know that I'm all about full disclosure.

I used to keep my identity private to all but a few friends because of the subject matter of my blog. My anonymity kept bill collectors from launching an all-out assault on me as retaliation for the assault that I've launched against them by helping to eliminate the fear of threats from bill collectors.

I have recently swapped out the "ghost" image for my own. I thought that it was important for people to see my real identity in order to develop a level of trust and belief in me as it relates to the valuable information that I share here on my blog. I had to ask myself if I would trust someone that I had never seen before and the answer was a resounding "NO." Now that we've met, let's get to work!

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When The Devil Calls Your Job!

Debt Collectors calling your home is one thing, but when the calls start coming to your job and embarrassing you in front of coworkers and disrupting the normal business flow, the harassment has reached critical mass. Now, beyond the embarrassment, depending on where you work, you could be at serious risk of losing your job.

Fortunately for me, I've always worked at places that either had a switchboard where I personally knew the operator fielding the calls and was nice enough to send the callers elsewhere...Thanks, Sue! Or, I worked at places where my phone extension was so far off the grid that I was basically untouchable.

I realize that most people are not this fortunate. Luckily for me, most bill collectors have given up chasing me. It just takes up too much of their time and resources when it's clear that they can't get me to answer the phone or return a message. I am immune to fear and intimidation and they know it, so they move on to easier prey.

As for everyone else, you must keep your wits about you. The person with the money has all the power. You have what they want, so make debt collectors play by your rules and not theirs. If you can only pay X amount of money per month then stick to that amount. If they tell you that's not acceptable, then tell them you'll pay someone else if they don't play ball.

They'll play hardball at first but if you stand your ground, most will eventually relent and accept something rather than nothing. It's simple math. For those who don't accept your payment offer, that's fine. Move on to the next and pay someone else.

You might also like: When The Devil Calls Your Job II

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Everyone Needs Credit and Here's Why:

Over the years I've tried to stay away from credit cards as much as possible but over time I found that this was probably not the best strategy. You see, having good credit can save you so much money when it comes to purchasing a car, renting a new apartment, buying furniture, etc.

After wasting so much money on security deposits, down payments and high-interest rates, I soon realized that it was the equivalent of financial suicide. No one should have to pay such outrageous and unnecessary fees for the things that they need so much like living spaces and transportation.

So in closing, credit is not altogether a bad thing and I think that everyone should have at least one credit card in good standing. Having a card in case of an emergency will help to make some of those larger purchases in your time of need.

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