Keep Harassing Debt Collectors Away
Debt collectors can be quite a trouble if you have unpaid debts
. You could be one among those who are harassed by debt collectors. But you are protected by the FDCPA. In order that debt collectors dont harass you in order that you know
how to beat debt collectors, you must be aware of a few guidelines.
Take a look at the following tips when dealing with debt collectors:
You must be aware of your rights as a debtor. Being a debtor doesnt mean that you have to succumb to harassment. Read through the statute of limitations in your state to be well protected.
If a collector calls you for a debt, the first thing to do is ask them to validate the debt. They are required to validate a debt as yours to be able to collect it from you. If they cannot validate your debt, they cannot pursue you for the debt anymore.
If they are calling you too many times and you want them to stop, you can ask them to do so by sending a cease and desist letter. Also if you want communication only through writing, you may mention that.
Get your free credit report regularly to keep a check. In case there are any misrepresentations you can challenge the report.
You can report a debt collector to the authorities if he is violating any rights.
If you have bad debt, you can settle it on your own. It also depends on how much you can negotiate with your lender to settle your account for. Most companies would want to settle for an amount rather than sue you at court. Going to court means an extra expenditure and no credit company would be willing to invest that amount. They would rather settle for an amount you are willing to pay. You may have to try harder than other times with some creditors though.
No matter what agreement you get in to with your creditor make sure you have it in writing. You do not want to get into trouble for not having proof of an agreement in the future.
Credit card debts can be handled with a little effort. You just need to know who to beat debt collectors if they are going over the top with your debt. The best way as mentioned is to pay off the debt. But you must be systematic when you are handling too many cards at the same time. Dont let debt collectors use intrigue to get you to pay their money. Be aware of your rights.
by: Debt Samaritan
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