One of the scarier phone calls you can get is when someone from a debt collection company calls up your home looking for money due. Although that is a bad situation, a lot of the time you can get called by debt collectors after you have already paid it off or have dealt with it in a different way. This can become troublesome if the calls are ignored.
One of the most common instance that someone would call your home would be if you owe money. This may seem obvious, but some people are still surprised when a debt collection company calls their home. A lot of people even decide to ignore the collection calls because they either do not have the funds or do not want to deal with the calls. This can be hurtful to your overall situation if you ignore the calls because of the ability to negotiate with them ceases to exist if you do not talk to them.
If you have filed for bankruptcy due to your debt, a bill collector can still end up calling or sending you mail. The collector will not know to stop calling you unless you issue them your discharge of the debt. Ignoring these calls can again cause more issues than just dealing with the situation immediately as the calls happen. Sending your discharge is the only way to stop the calls from coming.
Paying off your debt is a very good thing, but if you had owed money for a significant amount of time where the debt collectors have been calling your home, they won't just stop because they may not know you have paid it off. In order to correct this, you have to send a formal letter disputing the claim as well as sending in your receipt for proof of the pay off.
One of the lesser known situations is if your debt is very old and the SOL (statute of limitations) has expired, you can stop the debt collectors from calling you. They do not have the right to keep calling you if this is the situation. They must abide by the Federal Trade Commission's regulations that have been set to ensure there is no unnecessary harassment from collectors.
One of the most common instance that someone would call your home would be if you owe money. This may seem obvious, but some people are still surprised when a debt collection company calls their home. A lot of people even decide to ignore the collection calls because they either do not have the funds or do not want to deal with the calls. This can be hurtful to your overall situation if you ignore the calls because of the ability to negotiate with them ceases to exist if you do not talk to them.
If you have filed for bankruptcy due to your debt, a bill collector can still end up calling or sending you mail. The collector will not know to stop calling you unless you issue them your discharge of the debt. Ignoring these calls can again cause more issues than just dealing with the situation immediately as the calls happen. Sending your discharge is the only way to stop the calls from coming.
Paying off your debt is a very good thing, but if you had owed money for a significant amount of time where the debt collectors have been calling your home, they won't just stop because they may not know you have paid it off. In order to correct this, you have to send a formal letter disputing the claim as well as sending in your receipt for proof of the pay off.
One of the lesser known situations is if your debt is very old and the SOL (statute of limitations) has expired, you can stop the debt collectors from calling you. They do not have the right to keep calling you if this is the situation. They must abide by the Federal Trade Commission's regulations that have been set to ensure there is no unnecessary harassment from collectors.
About the Author:
Debt collection company, Rapid Recovery Solution, is a full service company that can collect your funds. Click here today for additional information!. This article, Getting Calls From Debt Collectors? Here Are Some Tips has free reprint rights.
0 comments:
Post a Comment