Posted on March 14, 2023 Caller type: Unknown Location: Australia
Caller: Credit Corp
This is Credit Corp - debt collection agency attempting to recover money by blowing out the phones of third parties that may or may not know the subject of the alledged debt.
They attempt to call parents, siblings, cousins, neighbours, work colleagues, anyone even remotely associated with the subject or their lives in the hope they can get to them. What they do is illegal, and they can safely be ignored.
When a bad debt is passed onto a debt collector, the agency purchases the debt for 10 to 20 cents in the dollar and then attempt to collect the FULL amount from the original borrower (plus interest).
However, what most people are unaware of is that once the debt has been purchased by a third party (in this case Credit Corp), the debt has been expunged for the original borrower, and that is the end of the matter. The only signature from the borrower is on a contract between the bank/credit provider and the borrower. There is no signed contract between a debt collector and the original borrower.
Therefore, do not admit or agree to anything a debt collector says on the phone, as they will attempt to trick you into entering into a contract with them (if you're the original borrower they are after) and try to get you on a 'payment plan'.
The statute of limitations means they can only chase you for a maximum of five years, but if you admit to anything or enter into agreement with them (even verbally), then that resets and you can be harangued another five years or until you've satisfied the needs of these vultures.
Your best bet is to avoid them like the plague, legally they have no clout. All they have is intimidation tactics on the phone. Weak!
i'm a credit collector and they're legally only allowed to call 3 times a week or 12 in a month, but that is IF YOU ANSWER. so answer the call & just hang up & they won't be able to call again
3 found this comment helpful
3
Anonymous
Posted on October 13, 2022 Caller type: Debt collector Location: Australia
Bloody credit corp, never leave message,
1 found this comment helpful
1
Anonymous
Posted on August 10, 2020 Caller type: Debt collector Location: Australia
Caller: Credit corp Won’t tell you where they’re from until you confirm your details
1 found this comment helpful
1
Katie
Posted on June 12, 2024 Caller type: Debt collector Location: Australia
Caller: Credit Corp Take a screen shot of the call. Reverse search it and make a notation on the photo of the debt recovery company, date and number of call. IE, Call 1, Call 2 etc. Open a folder on your phone and stick them all in there. Once they have called more times then they are allowed, open a complaint with the ACCC. Drop all your evidence in and report them. Repeat, repeat, as these companies believe the rules and regulations do not apply to them. They’ll be investigated and there’s only so many warnings they’ll receive before fines apply. Keeping in mind their fines will be 100x more than the small pittance they are harassing you for. So keep reporting! Woo hoo!
0 found this comment helpful
0
Anonymous
Posted on May 23, 2023 Caller type: Debt collector Location: Australia
Caller: CREDIT CORP c*ntS CREDIT CORP c*ntS
0 found this comment helpful
0
Anonymous
Posted on March 7, 2023 Caller type: Scam call Location: Australia
Phishing for information and when some was given said we had an account that we have never had.
0 found this comment helpful
0
Anonymous
Posted on April 22, 2022 Caller type: Unknown Location: Australia
Spam callers phishing for information
0 found this comment helpful
0
I Called Back
Posted on December 12, 2018 Caller type: Unknown Location: Australia
I called back number (03) 5202 4116 spoke to a woman but did not say for what company.
Comments on (03) 5202 4116
Anonymous
Posted on March 14, 2023Caller type: Unknown
Location: Australia
This is Credit Corp - debt collection agency attempting to recover money by blowing out the phones of third parties that may or may not know the subject of the alledged debt.
They attempt to call parents, siblings, cousins, neighbours, work colleagues, anyone even remotely associated with the subject or their lives in the hope they can get to them. What they do is illegal, and they can safely be ignored.
When a bad debt is passed onto a debt collector, the agency purchases the debt for 10 to 20 cents in the dollar and then attempt to collect the FULL amount from the original borrower (plus interest).
However, what most people are unaware of is that once the debt has been purchased by a third party (in this case Credit Corp), the debt has been expunged for the original borrower, and that is the end of the matter. The only signature from the borrower is on a contract between the bank/credit provider and the borrower. There is no signed contract between a debt collector and the original borrower.
Therefore, do not admit or agree to anything a debt collector says on the phone, as they will attempt to trick you into entering into a contract with them (if you're the original borrower they are after) and try to get you on a 'payment plan'.
The statute of limitations means they can only chase you for a maximum of five years, but if you admit to anything or enter into agreement with them (even verbally), then that resets and you can be harangued another five years or until you've satisfied the needs of these vultures.
Your best bet is to avoid them like the plague, legally they have no clout. All they have is intimidation tactics on the phone. Weak!
i'm a credit collector and they're legally only allowed to call 3 times a week or 12 in a month, but that is IF YOU ANSWER. so answer the call & just hang up & they won't be able to call again
Anonymous
Posted on October 13, 2022Caller type: Debt collector
Location: Australia
Anonymous
Posted on August 10, 2020Caller type: Debt collector
Location: Australia
Won’t tell you where they’re from until you confirm your details
Katie
Posted on June 12, 2024Caller type: Debt collector
Location: Australia
Take a screen shot of the call. Reverse search it and make a notation on the photo of the debt recovery company, date and number of call. IE, Call 1, Call 2 etc. Open a folder on your phone and stick them all in there. Once they have called more times then they are allowed, open a complaint with the ACCC. Drop all your evidence in and report them. Repeat, repeat, as these companies believe the rules and regulations do not apply to them. They’ll be investigated and there’s only so many warnings they’ll receive before fines apply. Keeping in mind their fines will be 100x more than the small pittance they are harassing you for. So keep reporting! Woo hoo!
Anonymous
Posted on May 23, 2023Caller type: Debt collector
Location: Australia
CREDIT CORP c*ntS
Anonymous
Posted on March 7, 2023Caller type: Scam call
Location: Australia
Anonymous
Posted on April 22, 2022Caller type: Unknown
Location: Australia
I Called Back
Posted on December 12, 2018Caller type: Unknown
Location: Australia
Do you have a comment about (03) 5202 4116?