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Transcribed

How to deal with debt collectors

How to deal with a debt collector DEBTOR Calls debtor for Asks for YES DEBT COLLECTOR credit card payments. 20 Validates the debt validation. debt. NO ! Doesn't validate the debt. Checks the SOL on debt. SOL has • NO expired. YES Not legally obligated to repay / Can send a K- C&D letter. SOL hasn't + expired. Negotiates for a reduced payoff amount. Follow: KEEPING IN MIND • Remains patient. • Sends certified mails with RRR. • Keeps record of every Avoid: o Talking over phone. o Giving personal details. • Showing eagerness to communication. settle. • Gets terms & conditions in writing. • Paying without a written agreement. Mutually agree on a reduced payoff amount. Note: o SOL + Statute of Limitations •C&D - Cease and Desist ORRR - Return Receipt Request By-DebtConsolidationCare

How to deal with debt collectors

shared by sylvia on Jan 02
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Have a look at this infographic to know how you should deal with the collectors when they call you regarding debt payments. Know what you should or shouldn't do while dealing with the collectors. Find...

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