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Hey, what's up is Steve, Williams president and founder of the credit repair shop.
A lot of people been asking me about this debt they're like is it real? You know, are you just writing down some fake stuff on a piece of paper? Well, they just sent over another email from debt collection.
Well, a debt debt buyer, and they sell it to debt collectors.
This is medical debt, credit card debt, payday loans, all of that stuff I'm gonna blank out the company names because I don't want that to be revealed because they'll end up blocking the video also before we get started.
Please do me a favor like the videos.
You know, I'm giving you good stuff.
This is insider information.
What I'm about to give you right now about that.
And you know what I'm telling you is true also, if you look at the comments from people that have did what I told them to do regarding debt, I'm talking about even going into court when they are going to get sued when everything is against them, and they come out of there winner because they know the information what I'm giving you is what you need to succeed against these debt collection companies.
So now look at this right here.
We got 9 million dollars.
1838 accounts charged off date is 10, 5:07 average balance $4,900.
Let me tell you this is it for every state it's passed the statue of limitations, even the states that have a 10-year statute of limitations, there's, no way that they can collect this debt, unless you don't know what your legal rights are, they cannot collect none of this 9 million dollars.
But they put it on the market for sale and they'll sell it to a debt collector.
They got eighteen hundred and thirty-eight strikes at the bat to get people to make their money back and they're gonna probably sell.
This whole account for a couple of thousand dollars.
So they're gonna take a risk out of eighteen hundred people that don't know their their rights that's a lot of money that can be collected look at this next one eighty five point four million dollars forty four thousand accounts over 44,000 account charge off date is 2007 eleven 2707 average balance 1904 dollars again even with the worst states I think there's only three states that have a ten year statue of limitations it still passed that they can't even get into court with this all you have to do is send them a letter stating that has passed a statute of limitations let's look at this one six point two million dollars twenty twenty five hundred sixty eight accounts charged off date twenty eleven only the three states if you happen to live in those three states that have a 10-year statute of limitations.
Everyone else is six years and under average balance.
Twenty four hundred and fifty one dollars and 79 cents and I'd, really consider this uncollectible, those states that have a tenure or really like rural type states farming state.
So I, don't know why they want to hurt the farmers or people that live in those states.
The next one here, seven point, eight million dollars two hundred.
Twenty eight hundred, seventy accounts, 2009 passed statue of limitations for all 50 states, average account balance.
Twenty seven hundred and twenty four dollars sixty five cents.
Look at this.
Next one mixed accounts, twenty eight million that's, twenty eight million to twenty eight point, nine, six million dollars, seventy four hundred.
And seventy four accounts charged off date, seven nine, oh, eight 100% passed at your limitations.
Average balance 3860 7.62.
Next one, seventy nine, seven point, nine million dollars.
Twenty three hundred forty two accounts charge off Day.
2008 passed at your limitation.
I hate to be redundant with this folks.
But look at this, they don't.
The reason why these are up for sale is because people don't know their rights and are falling into the traps, and they end up either getting the debt reauthorize, or they just don't show up to court to even fight for their rights, and they get a default judgment.
Then they got twenty years.
Twenty years of fighting for a debt that they probably would have never had to pay a penny for now let's get into these here.
These are for from a payday loan company, 1.5 million 1.1 million charged off dates, 2014 still for most states, it's past that your limitations.
We only have those three states that have a 10-year statute of limitations.
Let's go down.
Forty two point, five million dollars, three thousand.
Four hundred seventy-one accounts charge off day.
2008, average balance, twelve thousand this big credit card accounts.
And the one right below there, sixty-two million dollars charged off day.
T, eleven 1508.
Fourteen thousand five is the average balance.
And this one here, these are all major credit cards, 58 million 3932 accounts charged off date.
Twenty 2008, fourteen thousand eight hundred.
Eighty six dollars and eighty five cents.
The average account balance.
These people will go to town on these.
And if a person doesn't know, their rights they're gonna end up paying this money or a portion of this money, and they wouldn't have to pay any of it all with these three that I just mentioned the the longest statute of limitations is ten years.
Ten years, I say it, again, ten years, look at that, Oh, 808, Oh, 8 so need.
I say more about that, of course, I do because there's still people that fall into the traps.
Do me a favor like this video.
So we can help other people not fall into the trap.
Please like the video hit the notification.
But and also to get more videos from me when I release them because there's gonna be more debt released into the market I get these emails every day let's move down this one here is a home shoppers type program, not gonna mention the company, but one of those companies for four hundred and ninety seven thousand dollars charge off date.
Twenty sixteen, even with twenty sixteen, charge off date passed at your limitations for a lot of states.
Yes, some states, it will not be passed at your limitations.
We got another one group of credit cards.
Fifty eight point, eight million dollars another group of credit cards.
Twenty million 2006, 2006 and 2007 passed out your limitations ten year.
But again, they're going after it because people don't know their rights these two at the bottom here are payday loans.
Not gonna mention a company.
Fifteen million seven hundred thirty thousand.
So you can just say, it's the same company.
Fifteen point seven million dollars charge off date.
Twenty sixteen, these are average balances.
So now let's get with the solutions.
And again, please like my videos, please like my videos.
Because this is stuff that nobody wants to tell you about.
Ok for all of these that are passed the statute of limitations.
You just got to simply write a letter simply write a letter stating that mister debt collector, you know, put their address and everything for the day.
Let them know, say, I'm, notifying you that according to the laws in my state that this the debt that you are attempting to collect is past the statute of limitations, according to the laws in blank mas that you know, put your state and that I demand that you cease all collection activities for this debt and I will be reporting this to the proper authorities in my state, who are the proper authorities in your state, Department of financial institution, whoever regulates debt collection companies, or if you can't find that department it's, usually the same Department that regulates the banking in your state.
Every debt collector has to be licensed to even send you that letter in the mail.
They have to be licensed to be able to be a debt collector in your state.
So if you notify put them on notice that you are going to say information to the proper authorities in your state that regulate them they're gonna pay a lot of attention to that and they're gonna send you a letter back saying that they cease all collecting that collection activities for that debt.
And, you need to keep a copy of that letter, because they're gonna sell it just like these were sold over and over again, the ones that didn't get, collected they're gonna try to make some money back by reselling it.
And you want to keep that letter cuz.
When the debt collector sends you a letter from that from.
When they sold it to.
Another debt collector you're gonna even have more information to where, you might even be able to sue them for trying to collect the debt that is not legally that they legally cannot collect, but you'll have some evidence that they should have known about it, or you can sue the original debt collector because obviously they knew about it and they sold it to another debt.
Collector, so you can even get them fighting and suing each other so please like my videos if you need help, please post your comments below visit our website.
The credit repair shop, calm, how will you know if your debt is charged off? All you? Have to do? Is look at your credit reports? Please use the link below this.
Video, your three scores calm to get your credit reports and your scores that's gonna give you the evidence that you're gonna need again, like the videos, please share post your comments and have a great day and I can't, wait to make another video, giving you some more content.