Having to deal with the aggressive, compulsory tactics of debt collectors can be one of the singularly most frustrating and wearisome aspects of dealing with financial obligations that become difficult to repay. In a day and age where the economy is anything but stable and the job market remains volatile and unpredictable, coming up with the funds needed to repay debts can prove challenging. It becomes even more exasperating when the phone rings all hours of the day with harassing debt collectors on the other line demanding repayment.
There is hope and there are options in dealing with bailiffs who are insistent and unremitting. Avoiding the phone calls and letters of debt collectors is never a good idea. While it can be comfortable, dealing with creditors upfront can save time, money and frustration. There are plenty of tips one can use when dealing with bailiffs:
Avoid Debt Collection Overall
When dealing with bailiffs, negotiate and attempt to come to a reasonable payment arrangement before the bill is turned over to a third-party debt collector. In most cases, creditors will work with account holders if a payment is guaranteed, even if it is less than the original negotiated amount.
Understand your consumer rights
Every location has a set of consumer rights. Whether it is the Federal Trade Commission or another authority of purchaser liberties, there are many publications available that help informs consumers about the rights. In most cases, harassing phone calls, insulting or offensive language, and any form of menacing is illegal and should be reported to a higher authority.
Take responsibility for your Debts
Take charge of the debts you may owe and make arrangements to pay your balances. Financial difficulties can happen to anyone. Make sure the debt is yours, and if the account contains faulty information, contest it. If the debt is current and correct, attempt to make arrangements to pay the debt off. Ignoring creditors can lead to a negative credit report and future credit troubles.
Keep receipts, copies, and records
Retain all documentation regarding any debts, payments made, or arrangements prepared. Maintain good record keeping and proof of settlement, and or resolution
If a debt collector uses threatening, or menacing language, or harasses and lies, record the conversation and hold these negative business practices accountable. If you are receiving a lot of collection calls, it may be prudent to record them in order to ensure your rights are protected.
Get it in writing
If an agreement is reached regarding a specific debt payment or resolution, get it in writing. This provides greater protection to the consumer and helps avoid misunderstandings.
Get help with debt management
There are fully accredited debt counselling agencies available to help sort out the debt fact from the fiction, offering consumers additional advice and recommendation regarding creditors, debt collection and breaking the chains of allocated liability. When everything else has failed, seek out additional help.