Dealing with Debt Collectors Firmly
If you have received a call from a debt collector informing you that your debts have been passed on to their agency, what should you do? Unfortunately, some debt collection agencies are guilty of violating the provisions of the Fair Debt Collections Act, treating borrowers offensively and some may even use threats to force payment. How can you be sure that the agency was legally assigned to collect the debts you owe? How can you be sure that the amount being collected is correct? What if you cannot afford to pay your debts at the moment? In this article, let’s discuss how you, as a borrower, can deal with debt collectors firmly. Remain calm. When you first receive a call from a representative of a debt collection agency, you should remain calm and focused. Instead of denying your debts or making excusesright away, you should let your collector do the talking. Ask the name of the person you’re talking to, the agency he/she belongs, and the original creditor that it claims to represent. Listen to what is being said and write down all the details, including the date and time you got the call. Next, tell the collector that you want to request for the official debt collection letter from the agency with all the details of your debts so you can check the information. Afterwards, end the call and wait for the letter to arrive. In case you receive other calls from the same debt collection agency, tell them that you have requested for the letter and waiting for it. Read More: Dealing with Debt Collectors Firmly