Information on Credit Collection

Dealing with credit collection agencies is an experience that no one enjoys. If you find yourself with a large amount of debt that you are unable to pay, the chances are high that a collection agency will be calling you soon. When this happens, it is important to know what to expect and what your rights are.

Collection Tactics

When a company hires a collection agency, the agency will use various tactics to try to get its money from you. Most of the time, the collection agency will start calling you throughout the day. Many collection agencies call multiple times during a given day to try to get in touch. The collection agency will also try to reach you through the mail. It might send statements and other information about trying to collect the debt from you.

Stop Contact

If you are constantly contacted by a debt collection agency, it can be very annoying. If you want to stop the contact, you can use a few different methods. For example, if you hire a lawyer to help you with this process, you can direct all calls to your lawyer. The collection agency can then not contact you at all. You could also ask the collection agency to stop calling you and only communicate through the mail. You should ask them in writing to stop contacting you, so that there is a record of your request.

Consumer Rights

Even though you owe a debt, you do have certain rights when it comes to dealing with debt collectors. Debt collectors do not have the right to harass you in any way. Calling you early in the morning or late at night is against the law. They also cannot use any profane language or threaten you in any way. The debt collector is also not allowed to make any false statements or misrepresent who he is.

Solutions

Even though you may not feel like dealing with a collection agency, you still have to handle your debt in some way. Instead of only ignoring the credit collection agency, you may want to talk to a representative of that agency to see if an arrangement can be made. You might be able to set up a payment plan or negotiate a settlement that will eliminate the collection calls. A willingness to work with the agency can make things a lot easier on you.