Dealing with debt is already a significant burden on you, and then getting contacted by debt collectors as a reminder to pay off your debts can get even more irritating. They call you day in and day out asking about when you can pay etc. But it is their job to do so; they have to collect as much money as they can from you. So, yes, they won’t be telling you things that will make the entire process easier for you. But here are a few tips and tricks you can use to handle debt collectors.
- Collectors pretend to be frightening debt collectors usually use commanding language, because they want to compel you to pay your debt at the earliest. They may also use various tactics on you, for instance, a debt collector may tell you that they will blacklist you because you can’t pay the debt. Well, the debt collector has called you because you are already on the blacklist. So it doesn’t really make any sense.
- You can stop your debt collector from calling you at work.
If your debt collector keeps calling you during your work hours, you can ask them to stop doing so. The FDCPA clearly states that a debt collector cannot contact you if you have requested them not to do so. Therefore, they must abide by the rule.
- Settlements are not a one-time deal.
If your debt collector tells you that a settlement offer is a one-time deal, or that it won’t be available at a later point in time, he is not speaking the truth. Because the older your debt is, the less likely it is to be collected. But it doesn’t mean that you should not consider paying.
- Collectors are under pressure.
Just like any other job, debt collectors also have to meet performance requirements. So, they may have a certain target amount they need to collect each month. This works in your favor when the end of the month is approaching because the collector may agree to settle your debt at a certain amount, which may help them to achieve their monthly target.
- Your debt collector cannot threaten you.
Owing unsecured debts means that your debt collector can sue you. But threatening to do so without winning a judgment is considered to be illegal by the FDCPA. Even if your collector has threatened to sue you without having an actual intention of doing so is illegal.