BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Claudia Berger-Ayer, BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTYPhone: (904) 704-6079
Email: [email protected]

How to Deal with a Debt Collector

by Claudia Berger-Ayer 08/04/2019

Debt collection calls can be frustrating and a headache. It is quite disappointing to know that you have outstanding debts and the debt collector is offering very stringent conditions in terms of payment options. If you're familiar with the behaviors of debt collectors, then you know they issue threats, use offensive language, and come up with various tactics to scare the debtors. This practice most often only makes things worse and creates unnecessary tension. Here are the seven things to know when dealing with a debt collector: 

1. The Fair Credit Reporting Act

The Credit Reporting Act gives you the rules and restrictions guiding debt collection. Get yourself acquainted with the credit reporting act to know your right as a debtor. 

2. Abusive behavior is illegal

According to the Fair Debt Collection Practices, it is illegal for debt collectors to use abusive language on the debtor. If a debt collector exhibits such behavior, debtors should document all that transpires and report to the Federal Trade Commission. 

3. Negotiate a settlement on your terms alone

It is essential you negotiate the payment plans after you have carefully considered your income and expenses. On this note, payment plans should be based strictly on your terms, not theirs.

4. Beware of scammers

Before starting the negotiation with any debt collector, you should get them to identify themselves with their names, telephone number, company's name, address, and a professional license number if necessary. You are entitled to know these pieces of information by law. 

5. Do not fall into the trap of "Just Pay Something."

Before making any payment, ask the debt collector to send you a written document of proof of your payment. Do not authorize anything over the phone otherwise; you will not have a record for the money paid.

6. Too many calls are against the Law

Aside from the fact that debt collectors are not allowed to use abusive language, they also don't have the right to call you against your instructions. According to the law, a debt collector must stop contacting you as long as you have sent a letter to the appropriate authority, requesting it ends.

7. Collectors do not have the right to inflate what you owe

The debt collector only has the right to charge interest based on what is stipulated by the law or according to your agreement with the original creditor. 

Do not fall prey to unnecessary scare tactics; always take the time to read up on contracts and understand your rights as a debtor.

About the Author
Author

Claudia Berger-Ayer

I am a bilingual English/German Real Estate agent and I provide full time real estate service for multi and single family homes. My expertise include certified buyers representation for relocations buyers, investment properties, resale purchase and first time home buyers as well as new construction specialist in Jacksonville and its surroundings. As a listing agent I leverage Berkshire Hathaway marketing strategies and resources as well as my knowledge as a Certified Real Estate Negotiator to touch all marketing options of exposure and maximize the seller’s net worth. My professional Real Estate experience also include extensive knowledge about short sales and foreclosure bid and purchase process. My strong leadership skills were developed due to my extensive national and international work experience within the United States and as flight attendant/On Board leader working for the German Air Force in Cologne Germany, Lufthansa AG in Munich, Berlin, and Frankfurt Germany, and Delta Air Lines Inc. in Boston and New York. So I understand the challenges and uncertainties relocation clients face. Living in Jacksonville Florida the last 19 years I call this my home and love the beauty of Northeast Florida. Sehr geehrter Immobilien Kunden, bitte schreiben Sie mir eine kurze e-mail und ich kann Ihnen gerne mehr Information von Jacksonville Florida zusenden! Ich lebe seit 18 Jahren hier in dieser wunderschoenen Stadt direkt am atlantischen Ozean und kenne alle Nachbarschaften fuer Einfamilienhaeuser and Eigentumswohnungen.