This article would give you details on How to Deal with a Debt Collector. A debt collector is hounding you pressuring you trying to collect on a debt that you may or may not owe one question comes to mind.
This is the question of how you deal with a debt collector. Do you just let the debt collector keep on harassing you because you owe a debt that is what brings us to this article on how to deal with a debt collector today.
If a debt collector is breathing down your neck and it seems that you did not know what to do stop whatever you are doing right now and first of all go through this article. This is because in this article I’m going to be showing you the best and the most effective ways how you can deal with a debt collector. We are also going to throw in some question and answer below so that you get all the facts right.
What is a Debt Collector?
Before I go ahead and only eat some of the best strategies you have ever seen in your life to be with a debt collector let’s, first of all, acquaint yourself with what is debt collector is. A debt collector is simply a person that another person employed to collect a debt on their behalf. The debt collector is responsible for getting the information and making sure that the debtor of pays the debt to the creditor.
Debt collectors can sometimes decide to buy the debt from the creditor’s hand so that they can collect it for themselves. Debt collectors usually make a percentage of the money they collect from customers that is there a cut. So if a debt collector is contacting you it probably means they have been contacted by your creditors to collect on your debt.
How to Deal with a Debt Collector
Knowing what a debt collector gets you one step closer to dealing with a debt collector. If you are among the thousands if not millions of people that a debt collector is breathing down their neck you must have looked for a way for her to come out. That is why you are on this article today on how to deal with a debt collector which is the only question in your mind right now.
Below I have listed some of the best ways in which you can deal with a debt collector so that you can come out on top even when you owe a debt. Difficulties of time let’s go ahead and jump in on some of the best ways how to deal with a debt collector.
5 Ways How to Deal With Debt Collectors
Below are some of the best five ways that you can use in dealing with a debt collector all you need to do it will simply follow them:
1. Do not give in to Pressure
A debt collector might be quite consistent and simply keep on pressurizing you to pay the amount that you owe please do not give in. They are so many other things you need to come home first before you even consider paying a debt you owe that a debt collector is pressuring you for. If you give in the debt may simply Be a scam, so no matter what do not give in.
2. Confirm the Debt
One all the reasons why you should not just give in to a debt collector to simply pay a dept you are being asked to pay is to simply confirm if the debt is real. What you do here is simply request a letter of validation from the debt collector to validate the claim. You should receive one within five business days if this does not come you can simply gather your own fact and information.
3. Know Your Rights
After you must have confirmed that the debt is real it is now time for you to know Your rights of what to do and what not to do. To know this you have to take a look at the Fair Debt Collection Practices Act which is your ally in this case. When you know you’re right you will be shielded from unfair treatment by debt collectors so that you can collect.
4. Dispute the Debt
Now if you find out that the debt is not yours or is an error because it thing to get passed down from one debt collection agency to another you can simply dispute it. You can simply send a dispute letter to the debt collection agency within 30 days in which they received our efforts to collect the debt. They can only resume the debt collection process when the debt is confirmed to be yours.
5. Try Settling or Negotiating
If the Debt has been confirmed to be yours then it is that time to start a negotiation. You definitely cannot pay the exact amount so you have to negotiate to pay a portion of the fee so that you can make upfront payments. Depending on how you negotiate they might simply agree to make a portion of the payment upfront so that the other can be forfeited otherwise you can simply negotiate a payment plan.
What should you not say to a Collection Agency?
There are so many things that you should not say to a debt collection agency first thing is not to make a good faith payment. You should also not give a debt collection agency your personal information this is a bad idea. Do not admit to a debt that you have not proven that you owe. Finally, you should not lose your temper.
How can I get Around Debt Collectors?
There are several ways to get around or to deal with a debt collector five of the best ways to do so I’ve been listed in this article. All need to do is simply follow them exactly as you have seen them so that you can get around a debt collector. On the occasion when it is inevitable that the Debt must be paid you can simply negotiate to pay a portion or have a payment plan.