Subscribe to our mailing list

X

How to Deal With Debt Collectors or Debt Buyers

By on December 30, 2012


How-ToThis guide will give you some fabulous resources for dealing with debt collectors, debt collection, and debt buyers.

There are two ways to approach being in collections. Most approach it with fear and stress. A few learn how to deal with it in the right way, with education and a positive attitude.

A positive attitude? Yes. You see the debt collector is not someone to fear, but someone who is trying to collect a debt that is owed.

The collector either is contacting you and it’s a mistake, or for whatever reason, you’ve found yourself in a jam and and fallen behind on your obligations. It happens.

And the experienced debt collector knows the easiest way to manipulate you into doing what they want you to do is to intimidate and scare you. If you stop fearing them you take their power away.

Not all debt collectors operate like that though. Some actually understand that they are really problem solvers and want to work with you to find a way to resolve the debt problem. It’s far more productive for you to try to make the collector your friend.

Steps to Take

  1. Familiarize yourself with the articles below. Read them all.
  2. Do not admit to owing the debt until the collector can prove it.
  3. Follow the debt validation advice below and ask the collector to provide detailed proof that you actually owe the debt.
  4. Do not rush to send the third party debt collector a cease and desist letter. It would be better to keep the lines of communication open till we can figure out how to best deal with the debt and overall situation.

Don’t Panic!

Before you start panicking about being in collections, I really need for you to take a deep breath and evaluate if this isn’t the sign of larger financial problems brewing. Maybe the reality is that rather than reacting to the debt collector as an isolated occurrence, we should take this opportunity to look at your overall situation and come up with a game plan to deal with everything, at once.

I’d like to invite you to use the free How to Get Out of Debt Calculator to review your options.

If you think you are getting the run around and you become unsure what to do, ask me for help.


READ  I Lost My Job And Then Found Out I Was Pregnant. - Amanda

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

One Comment

  1. Brett Marlow

    January 3, 2013 at 8:22 am

    If you want to need Consumer debt collection services then contact us.

Share a Comment / Leave a Reply

%d bloggers like this: