Please Allow Me to Introduce Myself...

EMPLOYER: I collect debts for a legitimate collection agency -- Anonymous Debt Collectors, Inc, or Anonymous for short. My work at Anonymous focuses exclusively on collecting bad debt. Specifically, I collect two forms of bad debt: 1) old debt that it is beyond the debtor's State Statute of Limitations (at Anonymous we call this "stale" debt or just "stales" for short); and 2) Unlicensed Internet Lender Payday Debt where the number of rollovers billed to the debtor exceeds the principle and legally permissible interest. To elaborate on the second category of debt, let's say that debtor takes out a $300 payday loan from Unlicensed Online Lender, pays at least 6 rollovers totaling nearly $600, then "defaults" on loan. Since this is way beyond the permissible interest and fees to be collected in all U.S. states, this is also bad debt. Technically, even if an Online Lender collects even $400 on a $300 payday loan, that exceeds most if not all state interest rates. But my work focuses on the payday loans where the debtor has paid at least two times the amount of the principle because this is really bad debt. PERSONAL DATA: I love my work. I am following after my old man who was the chief debt collector for a Jewish Loan Shark in Willamette, Illinois (suburban Chicago) back in the good ole days of debt collecting. I feel like I am carrying the family torch. While I am not alloted as much flexibility in my methods compared to my dad since my debtors are not generally local, I will go to extreme measures to collect on debt. But back in his day you could really rough a debt0r up. This is partially attributable to the fact the debtors were generally local, but also due to the fact that there was not much in the law of consumer protection laws for debtors. THE FAIR DEBT COLLECTION PRACTICES ACT: I do not believe in the Fair Debt Collection Practices Act or FDCPA for short. I realize that it is a law, and I can attest to the fact that Anonymous generally complies with the FDCPA in collection of legitimate debt. But I don't collect legitimate debt. And I don't follow the the FDCPA or FDCP-Gay as I sometimes refer to it. DOUG DANGER'S CREED: I have one motto and one gameplan, which both guide my debt collecting. My gameplan is to be cognizant at all times of the fact that I am collecting bad debt. Therefore, I am not going to be able to collect from just any one. I have to size up my competition. I believe that there are 3 types of debtors when it comes to collecting bad debt. The first step to deciding how to handle a phone call to the debtor is to determine which category they fall into. Category 1: People who realize that the debt is uncollectible because it is barred by state or federal statute. I don't violate the FDCPA until I have sized up a debtor as NOT being in this category. That's because these are the types who will file a complaint on me AND it's not worth the risk because they are not going to pay anyway -- they know the law is on their side. Category 2: People who are not aware of their rights but are hostile from the get-go with me. I try to use reverse psychology with them. And when I harass them it is always in a more subtle manner. I try to reason with them but subtly I try to humiliate them for not paying the debt. I have more luck with these people than with Category Oners, but this is still not the preferred group of people. They are also the type likely to stumble across this site. If that happens, I don't get paid. Category 3: These are the people who tremble and shake and care freaked out when I call. They are the ones to go crying and just lose it. I harass the living daylights out of these people. I make threats of arrest, property seizure, wage garnishment, and sometimes (usually if it's a woman) I will threaten bodily harm if there is no payment. Sometimes these people will stumble across this site and not pay. But I have pretty good luck with these people. The Motto: Don't put off for tomorrow what I can collect today. In collecting bad debts, you have to take anything you can get. If I can get $100 up front as part of a deferred payment plan, that is still probably more than we paid for the debt. When you consider that the person may soon learn that this is bad debt and cancel the payment plan, at least I got the $100 up front. When someone wants a payment plan that starts anything more than 3 days out, I suggest a small amount paid today. Because even in that few days, they may learn of their rights. PLUS, once I have their bank account information, technically I could still debit their account even after they change their mind. I can just leave it to them to dispute with their bank. So, that's really the key: GETTING SOME MONEY TODAY and getting the debtors' bank account information TODAY.