Discussing Your Debts with Debt Collectors

When you have a lot of debt in your life, you may have to speak with a debt collector from time to time. If you can get debt under control, then the chances of you having to speak to a debt collector will be significantly decreased. You need to be prepared to speak with these collectors when the occasion arises, so that you can figure out what's best for your future and get your financial situation back on track. If you avoid talking to them, you may never be able to get things under control.

A lot of times, people are afraid to discuss their debts with collectors because they don't want to get bullied. As a consumer, you do have rights that are guaranteed to you under the U.S. Fair Debt Collection Practices act. This act controls when and how debt collectors can approach you to discuss your debts. It also prevents them from harassing or threatening you so that you pay your bills. Always remember that you have these rights, so you don't need to be afraid of discussing your debts with debt collectors.

Tips for Talking to Collectors

When you're talking to debt collectors, you need to make sure that you are not sharing a lot of personal information with them. The purpose of the call is to handle a specific debt, and this doesn't mean that you have to give debt collectors all of your personal and financial information. You can answer questions related to your finances, but you don't need to give all the details if you are not comfortable doing so. Some debt collectors might try to use this information against you in discussions, so you should try to avoid it if at all possible.

Sometimes, debt collectors will contact you about debts that you you're not sure you really owe. Since there is a lot of fraud out there, you need to be careful that someone is not trying to scam you. One of the things that you can do when you are talking to a debt collector online is ask to see a copy of your debts in writing. This is something that you are guaranteed by law, so you should take advantage of it to make sure that you are not being taken advantage of.

One of the things that might happen when you are talking to a debt collector is a negotiation. When discussing this, make sure that you negotiate an amount that you can afford to pay in order to pay off the debt or make payments on it. Make sure that the collector knows exactly what you can pay, and that you stick to with this amount. Make sure that the collector understands that you won't agree to a payment plan that you cannot afford, and that you get your agreement in writing before you start paying any of your payments.

Dealing with Pushy Collectors

A lot of times, debt collectors are going to be pushy, as they are trying to get money for their employers. While the actions of debt collectors are going to be limited, that does not mean that they won't try to be as aggressive as possible without threatening you. If you find that you cannot have civil conversation with a debt collector, then ask to speak to someone else that you can communicate better with. Discussing your debts with debt collectors should not be something that you fear, and you should always be in control of the situation.