Debt collectors have a certain code of conduct to abide by. Not everyone knows what they are, or are fully aware of them. I will do my best to highlight the most important ones that are used by debt collectors that should not be really allowed to in the first place. I will also show examples of how to beat these debt collectors that have started to become an annoyance.
These companies are not allowed to use any inappropriate language, harass you via telephone which to the extent it becomes nuisance calls from them. They are not allowed to approach you at any time in a public place; this is a violation of their practice. When phoning you they must always confirm that the person they are speaking to is the one who is owe money, this is for data protection and also helps make it discrete.
There are a few things we should learn when we are dealing with debt collectors, which might help to make the whole process of dealing with them less stressful or worse for yourself, these tips are not 100% proven methods that work, but just a guide to try and give you a head start before it turns into a nightmare.
Learn to understand how the process works: This will help you getting to know your rights from the start. Ask them to respect your privacy: State in what way you prefer this to be done with by a set time of calling you at home or through letter only.
Keep a record of when and why they are contacting you: This way if it starts to become harassment you have the documentation to prove the allegation.
Always have the agreed terms put in writing that has been discussed on the phone: This helps to protect you in the future. The most important part is don't ignore the letters, this can get you in more trouble than you started with.
For example; Always remember debt collection agency are only allowed to contact you between 8am-9pm, always make sure you get the person's name that you are talking too and also the name of the company that's dealing with the debt.
If you think that agency has violated any of their agreements you can contact the Federal Trade Commission, and they will help you with your rights and tell you if the agency is breaking the law.
People have to be careful when dealing with debt collection agencies because there is a lot of fraudulent companies out there that are going to use every trick in the book to obtain your personal details and use this info for fraud or take money off you for a debt that does not exist.
There are lots of useful information websites out there where you can find how to get example letters to deal with these companies, and what you should ask when they do contact you on the phone. If you do research when such company has contacted you, you will find a lot of useful answers to your questions and may be more help.
Peter Frost is the content coordinator for leading finance related websites that offer debtquotes.com debt consolidation advice and guidance. Find out what to look for in a debtquotes.com/mission.html debt consolidation service today to help you improve your finances and the quality of your life.
Hopefully this debt article will help you in your search for answers to your financial problems. There are a lot of things to consider before you finally choose the right debt solution to meet your needs. Be very careful in choosing the right debt counseling service. Debt counseling will not wipe out your debts instantly but it will assist you in re-establishing your financial reputation. Do not trust companies that advertise Credit Repair instead of Counseling and promises instant deletion of your debts.
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