Debt collectors are constantly threatening consumers to retrieve monies owed. Recently, collection calls have increased as they are asking you to pay a debt that you might not even be sure that you owe. These collection agencies have been known to use abusive language and illegal collection practices. One solution, if you have insurmountable amount of debt, is to enroll in a credit card debt consolidation program to avoid the zombie debt collectors and attain financial liberty.
Here are a few tips to safeguard from the threatening calls of the collection agency:
1. Ask for validation:
Annoying debt collectors can compel you to admit that you owe money that they are collecting. In this situation, ask them to validate the debt before you start paying it off. Remember that the Federal Trade Commission enforced FDCP Act to protect the consumers from the illegal collection practices. Make sure that the collector provides the necessary documents to validate that you owe the debt, the amount you owe, and the collector is authorized to obtain it from you.
2. Verify info about the company:
Try to get the collection agency’s phone number and postal address so that you can verify certain information about the company. There are many fraudulent collection agencies that threaten consumers, trying to extract money from them through illegal means. If you feel that you are the victim of one of these companies, you should lodge a complaint with the FTC.
3. Cease communication:
If you are confident that you do not owe the debt, then you can send a registered letter to the debt collection agency requesting that they not contact you any further regarding the matter. Make sure to mention that you are no longer liable for the debt. You should send the written letter within a month of receiving the debt collection letter.
4. Know your consumer rights:
If you are aware of Fair Debt Collection Practice Act implemented by the FTC then it will be easier to manage the rogue debt collector. Make sure that you acquire information about the law before dealing with a debt collection agency. This will help to protect yourself from the fraudulent debt collector. According to the FCDP Act, it prohibits collectors of any kind from practicing illegal collection methods.
5. Review your credit report:
Make sure that you review your credit report extensively otherwise you might end up paying for old debts that have been forgiven by the creditors or already paid off and not documented yet. Debt collectors can illegally report old debts to the credit bureau that you might have to pay for. Therefore, try to keep an eye on your credit report to avoid the harassing debt collection calls.
So these are the five essential ways to avoid the annoying debt collectors and make sure that you pay off the owed amount on time.