Dealing with third party collection companies can be frustrating. They will call you several times at different hours of the day. I’ve dealt with collection companies for several years now helping clients negotiate their past due credit card debt. I’ll share my secrets on how you can deal with debt collectors while getting the best deal possible!
By the time debt collection companies uk are done with the average American debtor, that person is tittering on the brink of a nervous breakdown. They are afraid to answer their own phone, pick up their mail, answer the door, go outside and even go to work. You don’t have to live like that when you learn how to fight back.
Everyone has the capability of bouncing back from their failures if they put their mind to it. You have to believe in yourself, take action, and be persistent.
The initial call you receive on your cell phone, at work, or on your home telephone will send a shock through your soul. In due course you may become frustrated with the collectors, yourself, along with your debt. Again, take a deep breath and gather yourself. Don’t attack the debt collector with choice words as that will do nothing to help the situation. Be polite and get the facts. Getting the facts of the debt involved is the initial step in negotiating the debt owed.
The bank will invariably give you a check, which is a promise to pay you so many dollars. In effect, what you and the bank have done is exchange a promise to pay. In other words, you have accepted each others credit, yet no money has exchanged hands!
Debt collectors will try to pursue the debt even after the statue of limitations on the debt is up. Do not allow yourself to be intimidated by their bullying tactics. Calmly take down their information, deny the debt, and tell them to stop calling you if not you will take legal action against them. If you acknowledge the debt, or agree to pay them, it may be possible that the statute of limitations is no longer valid.
Remember, creditors are trained to scare you and force payment. These people are just doing their job (right or wrong remains to be a question) do not fear them, they must abide the law.