If you’ve ever found yourself in debt, which you probably have considering you’re reading this article, then you know how annoying those constant calls from debt collectors can be. You find yourself screening your calls like you work for the Federal Bureau of Investigation. Those times when you do accidently answer the phone you have the five second mind battle on whether or not to hang up on whoever is on the other line. Yes, I realize they’re just normal people and that they’re only doing what they get paid to do, but seriously, what kind of person wants to be a debt collector? Thankfully, there are a few tips to help make those calls as painless as humanly possible. Here they are.
Get it in Writing
This goes both ways. After having one of those dreaded phone conversations the third party debt collector is required to mail you a copy of the amount of debt you owe and who it is owed to. If you don’t believe the debt is valid then in turn, you need to dispute it in writing. Word of mouth isn’t good enough in these situations. Document everything.
Say Little and Negotiate
Think of these calls as interviews. The debt collector is going to interrogate you and try to assess whether or not you have the ability to pay your debt. The less you say the better. However, you shouldn’t be afraid to negotiate. The companies that these people work for are often willing to settle at a much lower amount than what is owed. Don’t feel the need to agree to the first amount they give you.
While debt collectors and creditors are never pleasurable to deal with (unless you’re able to pay them in full), these tips should help make the phone calls slightly easier and hopefully shorter. Don’t be afraid to push for a lower payoff amount, don’t give them your life story and make absolutely sure that you get everything in writing. If you want further help with getting out of debt and dealing with debt collectors then head over to Debthelper.com. Their credit counselors will be more than happy to help you tackle those collectors.