Debt Harassment is Not Necessary
If you find yourself behind in payments for a mortgage, car loan, medical bills, or credit cards, be prepared for a varied barrage of creative collection attempts. As certain sectors of the economy continue to rock and roll, collection tactics become more and more aggressive. Some of these tactics go beyond the legal limits outlined in the Fair Debt Collection Practices Act.
Perhaps you’ve received an attractive business envelope in the mail. It might be in a soft pastel color with friendly drawings scrawled across it and words that invite you to take advantage of a special offer.
You tear that warm fuzzy envelope open and discover that the special offer is a collection agency giving you an unbeatable deal. They are cutting your debt in half if you pay within a certain restricted time limit. It certainly is a refreshing approach, and probably some folks do jump at the chance to rid themselves of the irritation.
Unfortunately many people have more than one old debt haunting them, so the reduced amount may still be way out of reach. If you happen to have a little cash available, you might consider making a counter offer, but be very careful.
First of all make sure that the Statute of Limitations hasn’t expired on your debt. In different states the time will vary, so be sure and check this out before you try to make a deal. Don’t be tempted to make a good faith payment while you consider your options because doing so can cause all the time that has elapsed, to be erased.
If you find your debt is still owing and you want to continue negotiating, be sure to stick to an amount you can afford. Make an offer and leave it at that. Collection agents want the money as soon as possible, and will wear you down by suggesting that you borrow the money from family, from a refinance of your home, or by using another credit card.
Often collection agency representatives will stoop to unpleasant – even illegal – tactics. If you suspect that they are overstepping the bounds of decency, contact a fair debt lawyer who will be happy to evaluate your case. It will be very helpful if you have taken the time to write down the circumstances. A harassment diary will greatly help your cause.
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