The incoming calls from debt collectors can be frightening and uncontrollable. While they appear enormous, learning the do’s and don’ts on how to handle these calls may bring you a sense of comfort. Having a better understanding of these calls can help you to avoid making an error that could potentially bring legal or financial troubles.
Dealing With Debt Collector Calls
Your first step is to make the decision on whether or not to speak with the collector. In doing so, you allow yourself to gather up the appropriate information needed, learn if the debt is truthfully yours, and educate yourself on the statute of limitations.
If you do decide to take the call, be sure to keep a record of your conversations. In doing so, this can help you determine where the calls are coming from. It can also help keep track of the inconsistencies relating to your debt.
Furthermore, you can request an end to collector contact if you wish to do so. This request must be done in writing and is available under the Fair Debt Collection Practices Act.
Inform them that you are unaware of any debt you may owe. Some collectors don’t know that the debt you may have is uncollectable. Explain why you believe the debt is not genuine—if you act fast, you can request the collector validate the debt in writing.
If you can’t afford to pay, let them know.
Provide them with an up-to-date address. Collectors that have no address have more legal freedom in getting in contact with employers or friends to obtain your address.
What to Avoid when Dealing With Collectors
Refrain from providing financial information such as bank account numbers, your social security number, or the value of property that you own.
Don’t offer a promise payment. Any form of payment or acknowledgement of debt may extend the time limit that a debt collector may sue you.
Keep calm. Collectors keep call records that may be reviewed by the agency or even used in court if legal action is taken.
Consult with a Debt Relief Professional
With zero up-front fees and free consultations, Progress Debt Relief can help resolve your debt for good. Our financial experts have the experience and expertise to negotiate and settle debt in a painless and delicate manner. Whether you’re dealing with past due credit card or medical bills, personal or payday loans, business debts, or accounts in collections, the experts at Progress Debt Relief are devoted to helping you regain control of your finances. To learn more about our available services or schedule your complimentary consultation, contact us today at 1-800-590-1847 or visit our website.
