How to deal with Debt Collectors

How to deal with Debt Collectors

If you have unpaid credit card bills, medical debts, or other types of financial debts the worst thing to do is ignore the collection agency.  You should deal with the debt issue as soon as possible.  The following tips may help you.

 

  1. Educate yourself about your rights:  The Fair Debt Collection Practices Act set fourth consumer rights when dealing with collection agencies.  Collectors are not permitted to make harassing phone calls.  They cannot make threats or use abusive language.

 

  1. Deal with your debt:  Do not ignore correspondences from your debt collector.  These include phone calls, letters, and court notices regarding debt lawsuits.  You have 30 day to notify the collector if a debt is not yours.  Failure to do so my hurt your credit score because credit companies can place negative information on your credit report.

 

  1. Hire a consumer attorney:  In many instances, lawsuits are filed by debt collectors who have little or no proof of the original debt.  This lapse in the chain could be grounds for dismissal of the debt. 

 

The following are basic rules that Debt collectors must follow when contacting you:

1. No early or late night calls. This means no calls before 9am and after 8pm.

2. No calls at work once you request them to stop

3. Collectors cannot make repeated calls throughout the day

4. Collectors cannot threaten to you have you arrested or sue you unless they actually plan to do so.

5. Collectors cannot inform your friends, family, or co-workers about your debt.

6. Written notice of the debt must be sent outlining the debt amount, creditor, and procedures if you do not owe the money.

 

If you have more questions, you can contact us!

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