Tips for Dealing With Collection Agencies
Everyone probably has to deal with a collection agency at some point. These days, collection agencies routinely contact people who don't owe a debt at all. This is, of course, the easiest situation to deal with, but even if you do owe the debt in question, dealing with the collection agency in the right way can save you money and hassle in the long run.
1. hat to do if the Debt is Not Yours (hat is the best way to deal with a collection agency?)
2. f the Debt is Yours (ow should you deal with a collection agency if the debt in question is yours?)
3. Make Sure the Debt isn't Time-Barred (ow do I know the debt isn't time-barred?)
4. If You Can't or Won't Pay: Shut Them Up with a Validation Letter (ow powerful is a validation letter and when should it be used?)
5. If You Want to Pay: Negotiate a Settlement (f you want to pay off your debt, why is it important to negotiate a settlement?)
6. protect Yourself with the FDCPA (why should you protect yourself with the FDCPA?)
If you find yourself dealing with a collection agency, stay calm. By methodically attacking the problem rather than panicking, you can often pay less than the full amount of the debt by settling or get those collection agencies that violate the law off your back by threatening to sue.
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