Collection Tactics - Discover the 7 Secret Collection Tactics When Settling a Debt
Posted: Sunday, January 09, 2011
by Mark Clayborne
Mark Clayborne
Collection tactics - Discover the 7 secret collection tactics when settling a debt
It’s unbelievable that collection agencies take advantage of the average consumer by lying and making false claims about what they can do to you if you don’t pay. The collectors practice these unlawful strategies because they know that most consumers are not educated in this area. Rest assure because not being up-to-date on collection tactics is about to change once you read this article.
You have a certain amount of time to respond to this lawsuit notice, so send in your answer along with a settlement agreement to the creditor’s attorney. If that does not work, and you feel that the creditor or collection agency has violated the FCRA or FDCPA, you can initiate a counterclaim.
Be aware that the creditor or collection agency will try to scare you into settlement. They may threaten you with any of the following tactics:
- Warning you that your debt will be placed into charge off status
- Asking you to fill out an asset questionnaire
- Warning you that your account is in legal, but you can stop it if you pay now
- Placing you on hold and running your offer by a supervisor
- Giving you 48 hours to decide on the settlement offer
- Warning you that they are in the process of suing you
- They use fear and intimidation to get you to settle, but ignore their threats and keep negotiating.
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