Re: Texas Debt

Posted by Keyser Soze (205.188.208.41) on May 15, 2003 at 21:18:51:

In Reply to: Texas Debt posted by Cowboy on May 15, 2003 at 16:02:47:

Settling is an old trick played by the Collection Agencies. First of all, your credit is forever murdered. Second, the 'forgiven' portion of the debt is immediately sold to even sleazier collectors who will promptly start the fun afresh. As for the - ha ha - forgiven amount for which the new collectors will harass you? Why it's reported to the IRS as income, a nice touch, eh? Proof of the old adage that no good need goes unpunished. Do not settle with a collection agency, ever. If the original creditor would settle, perhaps worth considering. Otherwise fix in your mind the image that to settle with a collection agent is to walk into a tire shredder while a friend hits the power switch.
Frankly, if these bugs aren't swarming around you, why attract 'em? You are protected rather well in Texas as far as garnishment and Homestead, and in a few more years the debts won't be on your report.
In the meantime, you will practice the utmost form of cruelty upon the banker/collector scum by getting off of the credit economy. Soon enough you will have more assets than you know what to do with, and whether rich or poor, all that you own will truly be yours.
These collectors and their string-puller bankers lack only an eye patch and sword to round out their costumes.

Collectively,

Keyser Soze

"Avarice, hanging, self-destruction,
make my own home be my gallows"
H. Lecter, M.D., quoting from Dante,
re collection agents and their joss.
c. 2001, "Hannibal"

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