This Article is About
pennies on the dollar
debt collector
stressful experience
debt collectors
wrong person
personal contact
debtor
creditor
summons
credit card
money
Important Questions To Ask When In Contact With A Collection Agent
Join 1000's of Authors at StreetArticles Today!

Important Questions to Ask When In Contact With A Collection Agent

Dealing with a collection agent is quite a stressful experience especially with the possibility of facing a credit card lawsuit. For others, ignoring the problem might seem like the best thing to do but if you want to rid yourself of a problem, you’re going to have to find to a resolution. If you came across a collection agent trying to get you to pay an alleged debt, it is important to ask yourself these important questions:

“Is he calling the right person?”

Many debt collectors contact the wrong person because they get very little information from the original creditor when they purchased charged off accounts for pennies on the dollar. Therefore, if you have a similar name as that of a debtor, they just might mistake you for the other person and call you. If such is the case, make sure you let the debt collector know and take note of the time and date he or she called you. If the calls persist, you can take legal action against the debt collector.

”Do I own the debt?”

If you own the debt, it is important to check if the debt is out of statute. If that’s the case, the collector can no longer pursue you since the account is old. On the other hand, if you are unsure whether or not the debt is yours, you can send a debt validation notice to get more information pertaining to the details of the debt account.

“What should I do to repay the debt?”

If the debt is indeed yours, you need to know what you can do to take care of the problem. Don’t just ignore the debt collector that may result in a credit card lawsuit, rather, talk to them and negotiate a settlement and just keep the agreement in writing. That said, it is important to not divulge any personal information, including your bank details and personal contact information. If you do not have the money to pay the debt, let the other party know. If the debt collector files a credit card lawsuit, you can defend yourself in court and quite possibly even win the case, as long as you do not ignore the summons for the credit card lawsuit.

“Should I hire an attorney?”

If you are facing credit card lawsuit, you can either hire an attorney or defend yourself in court. For many debtors, a great document with info about how to fight credit card lawsuit is enough to win the case. However, if you got the budget, go ahead and hire a lawyer. Also, if you feel that a debt collector has violated your rights, you can also pursue them legally and even pocket a fine for it.


Street Talk

No comments present
You May Also Like
Fighting Credit Card Lawsuit, Winning Your Case
Facing a credit card lawsuit? You are not alone. Thousands of credit card lawsuits are filed and set out on a daily basis by junk debt buyers and collection agencies in hopes of getting more from charged off accounts they purchases pennies on the dollar on. The good news is,…
By:  in  Legal  >  National State Local   Apr 12, 2012  
0
  Likes: 1

Finding Coupon Deals This Week
If you have ever wondered how women who use coupons to save money at the grocery store or the drug store find the best buys, it is really quite simple. Let me see if I can advise you on how to find coupon deals this week that will help your…
By: Patti Taylor in  Shopping and Product Reviews   Jun 27, 2012  
0
  Likes: 0

Negotiating Debt Settlement Like A Pro
Negotiating with your creditor will not only give you one less thing to worry about, it will also help erase bad marks from your credit report. Settling the debt through negotiations is best for debtors who amassed huge fees and interest on a small debt. Almost all unsecured debt types…
By:  in  Finance  >  Credit   Aug 05, 2012  
0
  Likes: 0

How To Buy A Profitable Website And Get Instant Passive Income
In this article, I'm going to show you how to buy a profitable website and turn it into an instant money printing machine. The fact is that there are many factors why people want to sell their websites due to reasons like no time to manage, found new business opportunities…
By: Thomas Hoi in  Internet and Businesses Online  >  Internet Marketing   Jan 12, 2012  
0
  Likes: 0

Credit Card Lawsuit: Collection Agencies Modus Operandi
The number of people who are faced with credit card lawsuit is in all time high simply because it’s big business as far as collection agencies and junk debt buyers are concerned. These days, buying and selling charged off account is a billion dollar industry where junk debt buyers and…
By:  in  Legal  >  National State Local   May 21, 2012  
0
  Likes: 0

Important Facts to Remember When Faced With Credit Card Lawsuit
Generally, banks will charge off an account after the debtor did not make a payment for 180 days. If your credit card debt has been left unpaid for 180 days, you need to check your report to see the Charge Off. All charge off accounts will be turned over to…
By:  in  Legal  >  National State Local   Apr 03, 2012  
0
  Likes: 0

Buying Really Cheap Used Cars Is Simple
Finding a way to buy really cheap used cars does not have to be hard. You just need to look in the right places to land the best deal. If you want to use the method favored by owners of used car lots, then you need to check out vehicle…
By: Daniel3 in  Automotive  >  Classic Cars   Mar 16, 2011  
0
  Likes: 1

Taking Action: Handling Debt Collector Threats
In most cases, credit debt collectors are not allowed by law to intimidate or threaten delinquent debtors with things that they cannot do legally. Therefore, they cannot threaten to seize your assets unless they hold a mortgage on your home. They cannot use intimidation or scare tactics, resort to name…
By:  in  Legal  >  National State Local   Mar 08, 2012  
0
  Likes: 0

Handling Your Debt Collector Like A Pro
No one likes dealing with persistent calls debt collectors, particularly when you and your creditor cannot reach a settlement. However, if you are being harassed by creditors and are hounded with threatening phone calls, a line has been crossed and you need to take action. Debt collectors are known for…
By:  in  Legal  >  National State Local   Mar 16, 2012  
0
  Likes: 1

How To Negotiate With A Debt Collection When You Got No Budget For Repayment
In most cases, creditors who are pursuing debtors will make them feel like they got the upper hand when negotiation starts. They will try every trick in book to collect from debtors including threatening phone calls, harassing letters and even phoning you from where you work. If you can settle…
By:  in  Finance  >  Credit Tips   Jul 12, 2012  
0
  Likes: 0

With Guide Or Without? Travelling Across Eastern Europe: Ukraine
Travel to Ukraine - East of Europe, post soviet union member and new democratic country.How to feel yourself comfortable when going to another country? We often think and ask this question while planning our first trip to a new country where we have never been before.Travelling is always fun but…
By: AlinaGo2UA in  Travel and Leisure  >  City Guides and Information   Nov 10, 2011  
0
  Likes: 0

How To Make Debt Collectors Play Nice
It used to be that debt collectors had the upper hand when it comes to dealing with debtors. These days, the table has turned, giving thousands of debtors a fighting chance against abusive debt collectors. If you are dealing with a debt collector and you have little clue on how…
By:  in  Finance  >  Credit   Jul 27, 2012  
0
  Likes: 0

How to Get the Best Cash Back Credit Card?
Selecting the best credit card provider is certainly not an easy job. You need to consider a number of important parameters and the fulfillment of each and every parameter will dictate your selection. The key to an effective credit card search process is research. Talk to friends. Talk to acquaintances.…
By: Zara Ali in  Finance  >  Credit Tips   Feb 23, 2016  
0
  Likes: 0

How To Raise Your Credit Score With These Simple But Effective Credit Tips
Many people across the nation share the problem of a negative credit score. Many of those people are seeking easy ways to increase their score so that they can qualify for better rates and bigger loans. This article is full of ways that you can improve your credit score easily.…
By: Darin Sewell in  Finance  >  Credit Tips   Nov 17, 2011  
0
  Likes: 1

How to Effectively Remove Inquiries From Your Credit Report
A lot of people do not know this, but inquiries on a credit report can drastically and negatively affect theirability to get financing. In fact, having just 6 inquiries on your account within a short 6-month period can render you automatically disqualified in the eyes of many modern lenders. Despite…
By: Farrah Graham in  Finance  >  Credit Tips   Oct 30, 2015  
0
  Likes: 0

Article Views: 1972    Report this Article