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
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