How to Turn the Tables on Debt Collection Agencies
Every day on the news you hear about how bad the economy is. Unemployment is increasing, and more and more people are having a hard time making ends meet. People that never thought they would be in this situation are falling behind on their bills.
When you do not have money, the last thing that you want to deal with is your phone ringing off the hook from collection calls. Things will get worse after you are 90 days past due on your accounts. Around this time, your creditors will transfer your account to a debt collection agency. Your phone will start ringing off the hook. This is because most collection agencies only work on commission. Unless you make a payment, they will not be compensated. As such, they are very motivated to collect from you.
What collection agencies never tell you when they are busy calling day and night is that there is a method you can use to legally stop collectors from ever calling you again. Let's take a look at how! Believe it or not, stopping collection agencies and attorneys from calling you is as simple as writing them a letter telling them to stop! Amazing, but true.
Write to the firm contacting you and let them know that you did not borrow from them. Let them know that you do not want them to contact you any more. Let them know you are serious! Tell them that should they call you again, you will be contacting both the State Attorney General and the Federal Trade Commission to file a complaint. Make sure that you send your letter via certified mail and get a return receipt.
By law, once a collection firm has received a letter like this, they may not contact you again except to let you know that they are taking a specific action with your account. An example of this would be to sue you. Even then, they may only contact you by mail.
Hopefully, you realize that dealing with collection agency calls does not have to be a part of your life. Now, you need to understand that just because they cannot call you, you still owe the money. You should not simply ignore the situation. It can give you some space to try to figure things out. Once the calls have stopped, you should be able to work on rectifying your financial situation!
When you do not have money, the last thing that you want to deal with is your phone ringing off the hook from collection calls. Things will get worse after you are 90 days past due on your accounts. Around this time, your creditors will transfer your account to a debt collection agency. Your phone will start ringing off the hook. This is because most collection agencies only work on commission. Unless you make a payment, they will not be compensated. As such, they are very motivated to collect from you.
What collection agencies never tell you when they are busy calling day and night is that there is a method you can use to legally stop collectors from ever calling you again. Let's take a look at how! Believe it or not, stopping collection agencies and attorneys from calling you is as simple as writing them a letter telling them to stop! Amazing, but true.
Write to the firm contacting you and let them know that you did not borrow from them. Let them know that you do not want them to contact you any more. Let them know you are serious! Tell them that should they call you again, you will be contacting both the State Attorney General and the Federal Trade Commission to file a complaint. Make sure that you send your letter via certified mail and get a return receipt.
By law, once a collection firm has received a letter like this, they may not contact you again except to let you know that they are taking a specific action with your account. An example of this would be to sue you. Even then, they may only contact you by mail.
Hopefully, you realize that dealing with collection agency calls does not have to be a part of your life. Now, you need to understand that just because they cannot call you, you still owe the money. You should not simply ignore the situation. It can give you some space to try to figure things out. Once the calls have stopped, you should be able to work on rectifying your financial situation!
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