UPDATE FOLLOWING ON FROM PART 2. DO NOT IGNORE THE SERIOUSNESS OF THIS RECORDING! WE WILL HAVE NO HESITATION IN SUING YOU IF YOU DO!
At around the 3 minute mark of this recording, I mention certain DCAs ploys regarding Recorded Delivery mail. If payment is asked for, then under NO circumstances pay for it - even if you are expecting to receive something from them. DCAs are not above trying to use the excuse that that payment is an acknowledgement of the debt.
Also, this message is a continuation from Part 2, in which First Credit come in for more stick, since I was far too nice to them in Part 2. The fact that one of the top bods of this gone-on-for-far-too-long company is also very high up on the Credit Services ociation should tell you all. Also, I wonder how many complaints the CSA has received - or says it has received - against First Credit.
Basically, what you have here is an uncontrolled, unethical industry that cries out for regulation with some bite behind it, so that companies like First Credit are put right out of business. It’s high time we saw some of the more abusive firms closed for any number of reasons. However, with a government that has senior members with ties to this industry, don’t expect this to happen too soon.
Further to the message, there’s also more of the generic threat-letters being dissected, and why and how the law prohibits various courses of action that collection agencies MAY (and this is an essential word in DCA dialect!) threaten to employ.
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The Unfair Terms in Consumer Contracts Regulations 1999 (Section 2083)
The Administration of Justice Act 1970
Consumer Credit Act 1974
Data Protection Act
The Consumer Protection from Unfair Trading Regulations 2008
The Solicitors Act 1974
All recommended bedroom reading, for all those boys and girls being pestered and harassed for money by UK-based collection agencies — money that these agencies may well not even have any legal right to. All of the above acts of government legislation centre around the rights of debtors, and all of which DCAs (debt collection agencies) are found to flout on a regular basis.
My next message delves more into Consumer Credit Act 1974, more of the common tricks collection agencies will try to use on you, and how to counter them by costing THEM money and inconvenience. Remember that these companies by and large, are powerless, irrelevant, have no real authority of their own, and can easily be seen off.
Even though some of the content of the recording may seem that I am advocating debt avoidance, this is not quite the case. But I do advocate debt avoidance when companies have been called out to provide proof of debt and fail to do so, and especially so to companies that try to use the law to manipulate people for their own financial gain.
Also, in case the distrustful, deceitful nature of these companies isn’t quite clear enough, then part 2 of this message goes more into the money-men behind the whole scam and why hoping our dear old government will step in just ain’t gonna happen.
What this clip is intended to do is highlight these worthless, impotent con-merchants who are banking on - in more ways than one - people’s ignorance of their rights under law. Remember that these people have as much right to your money as I do to the Crown Jewels. Therefore, they are inconsequential, toothless companies that will a house-brick when you catch them out.
I can’t emphasise enough that if you feel you HAVE to pay the debt - then pay it to the original creditor and nobody else. But join a consumer forum FIRST - www.consumeractiongroup.com and www.moneysavingexpert.com being the two biggest ones - and explore all your options, asking any questions you may have about your debt problem.
Finally, ask yourself this - why should you or anybody else be terrorised into subsiding the CSA’s annual golf tournament, Buchanan Clark and Wells’ holiday home, or one of their weekend -ups?
The UK Collection Industry (spit!) is experiencing a slump due to decreased revenue (aah diddums!), and this is because ‘debtors’ are now becoming more aware of what their rights are and because it’s becoming common knowledge how pointless these companies are, as are the existences of the uni-dimensional call-centre wankers that work for them.
This clip is dedicated to making that slump continue and to put these companies to permanent, long-deserved sleep.
And if you happen to work for one of these companies, then I’m afraid I shall have to pre-empt your replies, and implore you not to waste my time by preaching :-
1. ‘moral duty’
or
2. ‘if you paid your bills…’
If you should mention point 1, it doesn’t suit you. Morals and collection agencies do not belong in the same sentence.
If you mention point 2 and that’s the best you can do, if you want, I’ll go and set a pillow in the middle of the M62 for you.
Duration : 0:8:15
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While the climate might seem ripe for the collection industry to cash in on troubled account-holders, problems in the housing and employment markets have actually made their jobs a lot tougher, as they try to recover funds from people who have little or nothing to spare. As a result, the tactics used by some collectors have become more aggressive. Join Thomas Fox, Cambridge Credit Counseling’s Community Outreach Director, as he discusses information you should keep in mind if youre contacted by a collection agency
It is a conflict of interest for collection agencies and credit reporting agencies to have a business relationship. This is not fair to the consumer!
Collection industry Guru, John Woodworth talks about his best selling collection hand-book “The cheque’s in the post”.
Why do collection agencies persistently lie to the debtor, the press and the public at large? It is not just for money, but also because they actually believe themselves to be the last gasp between economic stability and financial ruin. 
Professor Cardworthy explains how and why you want to avoid debt collection. For more information or to ask a question, visit CardTrak.com . Play “Test Your Card Smarts” for a daily gift card giveaway and a chance to win $5,000.
Dealing With Debt Collectors - Debt Validation.
The Unfair Terms in Consumer Contracts Regulations 1999 (Section 2083)
You’d think that debt collection would be booming these days, but even debt collectors are having trouble. They’re more willing to cut deals, accept alternate payment plans.
Again, as pointed out in previous messages, one of the greatest weapons you can have, is a Consumer Credit Act 1974 request. Such a request stops a dishonest collection agency in its tracks, and before they can resume having any dealings with you, they HAVE to fulfil that request (if they can!).