I always go by the old adage "You get more bees with honey than vinegar"

The way I look at it something is better then nothing even if it's pennies on the dollar. I thought bill collectors were there to help people out and not themselves. I can’t say all collectors are bad but for those who insult people just remember one thing if it weren’t for people falling in debt, you wouldn’t have a job to go to everyday. It pays to be nice on the long run.

Nice, Bill is one of the few collectors that realizes this concept and the value of a settlement vs. nothing.

For the most part, collectors get ticked off when they get pennies on the dollar becasue they look at it as effecting their commission cheques.

The point I'm trying to make is that if these people aren't paying in the first place, having them pay something is better than nothing.

I know the commission rates stay the same. The higher the settlement the higher the commission cheque you will receive. I saw how bill collector’s reacted when I received my 10% settlements. They hated the fact I went over their head to the creditor to get the settlement I was looking for. I never had a collector tell me once I could be considered for a low perimeter settlement offer, if it wasn’t for me asking for it I wouldn’t know about it. I believe informing a person on here how they can save money is a good thing and we can’t inform everyone out there, but the few we can it makes a difference in their life. If you’re not worried about your commissions then why not offer people the lowest percentage possible instead of telling them the creditor wants 70 to 80%, why not tell them 10, 20 or 25% to settle.One thing is true you said it's not your money, but some collectors out there think it is.

You said you think bill collectors would hate the fact that you're educating people. Definitely not!

More people calling to ask for settlements = a good thing, no matter how below parameters they are.

You seem to think we care if people pay less than they owe - we don't (it's not our money, after all). The commission rate stays the same...

To reiterate: a lot of debtors are simply avoiding collection agencies all together (= no payment whatsoever). If you then educate these same people that they can seek settlements and they do so, and follow through... This turns "no payment" into "some payment". This is a good thing, no matter what.

I think you misread.I never said it was a bad thing. It’s a good thing for people that owe and not so good for the collectors, the lower the settlement the lower the commissions.

I think you're mistaken. If you are here educating people on how to settle their debts that means /more/ people will be contacting agencies attempting to pay their bills.

This is A Good Thing™.

I think we hit a nerve with a bill collector. I think they hate the fact that people on here are finding out ways to settle their debts. I think they hate the fact more people are asking for forms to be considered for a low perimeter settlement offer. If people learn more on settling debts that means less collection agency will stay in business.