{"id":265,"date":"2021-04-19T07:09:26","date_gmt":"2021-04-19T07:09:26","guid":{"rendered":"https:\/\/nwdebtdefense.com\/?page_id=265"},"modified":"2022-08-18T08:38:10","modified_gmt":"2022-08-18T08:38:10","slug":"junk-debt-buyer-defense","status":"publish","type":"page","link":"https:\/\/nwdebtdefense.com\/junk-debt-buyer-defense\/","title":{"rendered":"Oregon Junk Debt Defense Attorney"},"content":{"rendered":"
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Oregon Junk Debt Defense Attorney in Portland<\/b><\/h2>\n

The \u2018Old Debt Collection\u2019 Industry<\/b><\/h3>\n

Purchasing and collecting debts by a collection company is now a huge industry in Oregon and Washington. Old accounts once thought to be completely uncollectible are now sold on the open market. The reality is that collecting even a very small percentage of these debts from consumers by the debtor can be incredibly profitable. They will keep on calling you to collect a debt<\/a> using obscene languages or send you notices telling you to pay. Sometimes there is also the threat to sue and take you to court. If you are experiencing harassment about an old-time-barred debt you owed by an abusive debt collection<\/a> agency, it\u2019s time to reach out to an experienced Oregon junk debt defense attorney. Harassing you is never acceptable and is unfair. Sometimes taking legal action is the best way to move forward.<\/p>\n

The game-changer in debt collection practices was the shift from contingency collections where agencies would work for the original creditor and take a percentage of the amount collected as their cut. Now the collections agencies purchase the debts for themselves at a discount and work for themselves to collect. If you are dealing with debt collection in Washington and Oregon and they would not stop calling you, call our law office at 866-388-5106 to get in touch with our trusted debt collection lawyers<\/a> who are experts in debt collection laws!<\/p>\n

The Typical American Debt Situation<\/b><\/h2>\n

After receiving a credit card, you may encounter financial difficulties due to mounting debts incurred. As such, job loss or economic difficulties could not be far behind. As a result, difficulty making payments and loads of credit card debt may be expected. While many people make an attempt to cooperate with their credit card providers, it is typical for people to fall behind on payments. After a credit card account has been overdue for at least 120 days, it is “charged off.” This indicates that the initial creditor has discharged the “bad debt.” The creditor will then take one of the following actions:<\/p>\n