How To Fix Your Credit – Debt Collectors Calling? 3 Things To Do
If you ever had a debt go into collections, 9 times out of 10 you have debt collectors calling you non stop.
Today, we are going to go over what to do when debt collectors are calling you.
I’ve had many clients mess up when a debt collector calls them. They get emotional and start saying stuff they aren’t supposed to say. So, let’s go over the top 3 things you should do when a debt collector calls you.
Tip 1: You need to remember that the phone call is recorded so anything you say will be used against you. I recommend you deny, deny, and deny. Act like you have amnesia!
“Debt? What debt are you referring to? I have to talk to my lawyer about this, can you send something in writing?”
Tip 2: Keep it in writing! Remember that by law the debt collector must provide a validation notice within 5 days of contacting you. Within 30 days of receiving the debt collector’s validation, you should send a written request asking for more details.
You need the written documentation to prove your case, if you have too.
Tip 3: If you don’t receive something within 5 days in the mail advise the collector to stop contacting you and make sure you register with the Do Not Call Registry. According to federal law, a debt collector cannot continue to contact you if you tell them to stop. You can even write them a letter telling them to not contact you anymore. You will want to save a copy of the letter then send the original via certified mail and request a return receipt.
If you think this information was useful, send it to all your friends. Let’s stop the harassing debt collector calls.
Leave a comment below and tell me what credit topic you want to learn more about next.