“LVNV Funding is committed to maintaining the highest integrity in all of its activities, and to ensuring its customers are treated fairly and with respect.” Yes, that is what their Web site says. Yet the company is suing countless Americans, at any given time, over old consumer debt bills that have expired long ago.

By the time Debt collection companies are done with the average American debtor, that person is tittering on the brink of a nervous breakdown. They are afraid to answer their own phone, pick up their mail, answer the door, go outside and even go to work. You don’t have to live like that when you learn how to fight back.

So, what are the bank’s assets? Interestingly, I’ve just covered part of that. One type of asset is the “deposit” which actually consists of the check you just transferred to your account. It was a loan, an IOU from the bank. Banks will count the small amount of vault cash on hand as a type of asset, also. But most of the bank’s “assets” are all the promises to pay. In other words, its loans.

It is possible, however, to stop these debt collection calls and negotiate your debt through the mail. Under the federal debt collection laws, any debtor can request that the debt collector contact them through the postal service only. However, this request must be in writing.

Now what do you do with the check? Probably one of two things: either you deposit it into your checking account, or you take it to a merchant for instance, a car dealer. In either case, the check, when deposited goes directly to the bookkeeping department where the numbers are transferred from the check and are added to your account as a bookkeeping entry. Once this entry is made a bank will say that its deposits have increased.

Request your debt collector to stop collecting. Yes, you can actually request to a creditor or debt collector to stop contacting you about your debts by sending a letter. Under the law, creditors and debt collectors should respect this request. Nevertheless, this does not discharge you from your responsibility to pay for your debts.

Let your debt collector know the best time to contact you. Let your debt collector know the best time to call you. If a debt collection agency still calls you up at inconvenient hours, you can file a complaint to your State Attorney General’s office.