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Are you tired of receiving calls or threatening letters from debt collectors? Well these are just among the two approaches that are commonly used to oblige the debtor to pay for their overdue debts. If you want that irritating phone calls and letters to stop, then you need to know the ways on dealing with collection agencies. Sometimes, it is difficult and frustrating to handle problems with debt collectors, but if you chill out and follow the following steps, then you can put a stop to such troubles:

1) Know your rights when dealing with debt collection agencies. Among such rights are:
• You have to be treated fairly and your privacy should be respected. You can ask them not to contact you when you are at work or at a time and place that’s not convenient to you.
• The collection firm should not oppress, harass or abuse you by threatening you, publishing your name or by speaking to you in an obscene way.
• They should not use misleading or false statements when collecting your payments such as implying falsely that you have made a crime, that they are attorneys or representatives from government, or they are working for a credit bureau.
• The agency should not use unfair practices when collecting payments for your debts.

2) Keep great records. When a debt collector contacted you, get information from him/her.

• You should ask for the caller’s name and the agency’s name as well, the address and fax number of the collection firm, the name of the lender and the amount of money allegedly owed.
• Write down the name of the person who’s calling you and a summary of your conversation. Your conversations shouldn’t be taped unless the caller knows that your discussion will be recorded. Also, make sure to keep in file copies of all the physical communications that you have sent and received. Read more of this >>