How to deal with a problem Debt Collector
<p data-sp-element=”content”>Having an account go into collections is never a good thing, mostly because dealing with debt collectors is one of the most annoying things a person can deal with. There are laws that are supposed to prevent these people from calling you too early or late and while you’re at work. These laws also prevent them from threatening to call police, physically harm you, or yell obscenities over the phone.Of course, anyone who has ever dealt with a collection agency knows that these rules are rarely followed. While there is plenty of advice on how to demand proof of a debt and report these agencies to local authorities, the truth of the matter is that none of this will stop a truly bad collection agency. These “companies” buy old debts from other collection agencies, then use aggressive tactics to collect as much money as possible from borrowers before they are shut down by regulators for their illegal collection tactics. Unfortunately, all this usually means is that the owners declare bankruptcy, then open a similar business in another state.If you’re being harassed by a collection agency, what can you really do about it. While it can’t hurt to demand to see proof of a debt (this is a letter showing that the collection agency is authorized to collect the debt) or reporting illegal behavior to the police and other local authorities, the truth is that it probably won’t do much to stop the phone calls. The only real way to get rid of a debt collector is to pay off the debt that is owed. Once they have their money, there is no more reason for them to continue to call. If you can’t pay what you owe as a lump sum, it might be a good idea to talk to a debt counselor and debt consolidation. These loans pay off all of your debts at once. That means that you’ll no longer have to deal with the debt collectors calling you, because the debt will be paid in full. As an added bonus, the fact that the debt is being paid off all at once means that many collectors are willing to negotiate. This means that you might be able to pay less on the debt than the amount the collection agency is asking for.