What to Tell Debt Collection Agencies When They Call You Every Day
What to Tell Debt Collection Agencies When They Call You Every Day
Sometimes you can wake up in the morning and check your phone and see that you have six missed calls all from debt collection agencies. But the question is did you answer any of them? Do you think you have to answer debt collection calls? There is an easier way to deal with all the debt collection calls. In this article you can find some useful tips to help you deal with your creditors and find a better way to eliminate your credit card debt in half the time that it would normally take.
If you wanna keep your sanity you would do your best to avoid answering any debt collection agency calls. One of their techniques is to harass you with phone calls until you pay them. But just because they call does not mean you have to answer. You can call them back when you are ready to and when it is convenient for you. So if it is not convenient to call them back at 8:30 AM when they call you than you can do it during your lunch break or in the evening.
When you are deep in credit card debt you need to practice good call screening techniques. This means turning the phone ringer off at all times. I don't know about you but I don't like being woken up at 8:30 AM on a Saturday or Sunday morning by a debt collector. I like to sleep late on the weekends as do most people. And your creditors know this and this is why they call you most during the weekends. So you can avoid the frustration of being woken up early by turning off your ringer.
You can also buy a cheap prepaid cell phone and give that number to your creditors to contact you if it is unavoidable for you to turn off your main cell phone line or home phone. Just remember to only contact your creditors with a number that you want them to have. Because if you call them from a number you don't want them to have you can expect that they will record that number and use it on their next round of debt collection calls.
If you find that a debt collector actually leaves a message, because most of them won't, then check your messages in a timely manner and make sure you're not missing out on any important information about your account like a settlement perhaps.
When you are three or four or five months behind on your credit card payments you can start looking out for debt settlement letters from your credit card companies. They know that the longer you go without paying them the more likely they will never collect anything or you will be forced to file bankruptcy. If you file bankruptcy it will take the credit card companies five years to get paid a percentage of what you owe them.
They would rather settle your debt for a partial payment of what you owe and get money now instead of waiting up to five years to get paid. But, only talk about debt settlement when the credit card company talks about it first. Do not be the first one to talk about credit card settlement for the first 90 days of delinquency.
Next, learn what to say to the creditor when you're talking about credit card settlement. Learn the right techniques for getting the best settlement and avoiding bankruptcy. Learn how to DIY Debt Elimination.
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