No. of Recommendations: 3
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 !
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.