I hear a lot of stuff about collectors & so forth. For the most part, most agencies will honor written cease communication letters withOUT them being sent certified. (Its a WASTE of money)Further, most will honor verbal requests not to call you at your job if it causes a problem. I hear a lot about how unethical collectors are. For the most part, thats not true. Most collectors DO pay their bills which is more than can be said for most of those they are calling.I see no reason to get worked into a frizzy over a collector who is aggressive. Many are paid on commission and are trying to PAY their obligations so they wont fall in the same boat.If you have to ask for a supervisor, in most cases, a verbal cease communication will be all that is required.I should point out that as a practical matter, its rare that you will be sued as long as you are making a good faith attempt to pay.(This does NOT mean $5 every 3 months on a $10,000 bill) However, if you have a verified garnishable job, and you refuse to deal with the agency and havent paid in a long time. Dont be suprised if your paycheck is garnisheed. It happens and most of the time to those who insist they know their rights and all that garbage.Your best bet ?DONT let it work you into a frenzy. Fact is, if you paid anywhere near like you agreed to do, you wouldnt have an agency calling.In many cases, working with them HELPS you and keeps you from being sued and your paycheck garnished. If you just can stand talking to them, I say send a cease communication and then make REGULAR payments (Every month).Its rare that anyone making an honest attempt will be sued.Good luck. But the collectors arent always the bad guy. They get lied to hundreds of times per day. But they earn a decent living that you dont need much education to do.I would suspect many collectors make $40-50k + per year. And most PAY THEIR BILLS !
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M