One of the most infamous strategies of bill collectors is so unassuming that most debtors never know what hit them. Although it does not have the same effect on all debtors, 20-40% of people that it works on, can represent millions of dollars for collection firms and their clients. This strategy goes like this. After a person is not willing to make a payment arrangement, a collector will make the statement, we will continue with further collection activity.

In the eyes of an unknowing public, many people don’t consider this to be a bothersome statement. Let me give you an example. 20-40% of people will call back because they believe that the statement we will continue with further collection activity means that they will be sued, get a judgment placed against them and be garnished. Of those that call back, 50 to 80% of them will eventually give out their financial information and make some form of payment arrangement.

Creditors and collection firms have the numbers on their side. I stumbled on this simple strategy years ago by accident. After that, I found out that other supervisors and managers around the country had been using this strategy also. If you want to be sure that a bill collector is not strategizing against you, don’t delay, call me today at 313-744-5977 or e-mail me at [email protected].