Being in debt is overwhelming on it's own.
But when you start getting constantly harassed by debt collectors, it's even worse.
Yes, you need a plan to pay your debts, but you should NOT feel threatened in the process.
Here are some tips on dealing with debt collectors: When you get a call from a debt collection agency, request that they communicate with you only in writing.
This gives you some information about them, and it also stops the constant calling.
Once you get the letter, check out the agency to make sure it's legitimate.
Also, if you only communicate by letter, you will have written back up of everything you have agreed on.
If a debt collector starts to pressure you stating they need your personal or financial information while on the phone, tell them again to put the request in writing and put it in the mail.
If they continue to harass you, then you have all the right in the world to hang up.
The last thing you need when you're already having problems is to have some crook or a crooked debt collection agency get into your bank account and deplete what money you have there.
So...
once more...
do NOT give out information on the phone.
Do your research if a debt collection agency offers you a deal that just sounds too good to be true.
You can usually negotiate a deal with collection agencies to pay a reduced amount of the debt in a lump sum.
But, in some states they can actually sell the balance of the debt to another collection agency.
So, if you negotiate a deal, make SURE that the balance of the debt is wiped out and not passed on to another agency.
You might even what to have an attorney look over your agreement.
An attorney can also tell you what your rights are in your state.
Sometimes this small investment in help can save you a lot in the long run.
If you absolutely can't afford an attorney, check with legal aid or the state bar association.
They may have attorneys that are willing to help you free of charge.
Just remember that you don't have to deal with debt collector's sneaky tricks.
Learn your rights and insist on them.
But when you start getting constantly harassed by debt collectors, it's even worse.
Yes, you need a plan to pay your debts, but you should NOT feel threatened in the process.
Here are some tips on dealing with debt collectors: When you get a call from a debt collection agency, request that they communicate with you only in writing.
This gives you some information about them, and it also stops the constant calling.
Once you get the letter, check out the agency to make sure it's legitimate.
Also, if you only communicate by letter, you will have written back up of everything you have agreed on.
If a debt collector starts to pressure you stating they need your personal or financial information while on the phone, tell them again to put the request in writing and put it in the mail.
If they continue to harass you, then you have all the right in the world to hang up.
The last thing you need when you're already having problems is to have some crook or a crooked debt collection agency get into your bank account and deplete what money you have there.
So...
once more...
do NOT give out information on the phone.
Do your research if a debt collection agency offers you a deal that just sounds too good to be true.
You can usually negotiate a deal with collection agencies to pay a reduced amount of the debt in a lump sum.
But, in some states they can actually sell the balance of the debt to another collection agency.
So, if you negotiate a deal, make SURE that the balance of the debt is wiped out and not passed on to another agency.
You might even what to have an attorney look over your agreement.
An attorney can also tell you what your rights are in your state.
Sometimes this small investment in help can save you a lot in the long run.
If you absolutely can't afford an attorney, check with legal aid or the state bar association.
They may have attorneys that are willing to help you free of charge.
Just remember that you don't have to deal with debt collector's sneaky tricks.
Learn your rights and insist on them.
Source...