Comments on: How To Handle A Credit Card Debt in Collections http://www.moneycrashers.com/how-to-handle-a-credit-card-debt-in-collections/ Personal Finance Blog, Your Guide to Financial Fitness Fri, 10 Feb 2012 01:50:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Scotthttp://www.moneycrashers.com/how-to-handle-a-credit-card-debt-in-collections/#comment-12150 Scott Tue, 01 Jun 2010 18:54:16 +0000 http://www.moneycrashers.com/?p=674#comment-12150 You should not feel ashamed, afraid or nervous, if you've been contacted by a collection agency. Just keep calm and stay firm. Stand your ground and don't allow anybody to manipulate or bully you into doing something that could worsen the situation. Arm yourself with adequate knowledge and learn your rights. Prepare to fight back to protect yourself from abusive practices. Keep in mind that you can't be jailed for not paying a debt and even if you legitimately owe the creditor, you are still entitled to your privacy and that should be respected. Remember, you deserve to be treated fairly. It's not uncommon for some agencies to think that they can get the best results through intimidation. Since most collections are done through telephone, they feel that they can say whatever they want to say to the point of making personal insults and false accusations so they can regain their client's money. They think they can get away with it as there are no paper trails. Some would even attempt to use your credit score to harass you, telling you that they can ruin your credit score or file a claim against your credit score. You shouldn't fall for this. Know that your credit score is instantly affected when you default on your payments; but there is nothing that a collection agency can do to make it any worse. In most cases, you can definitely be eligible for credit still. You should not feel ashamed, afraid or nervous, if you’ve been contacted by a collection agency. Just keep calm and stay firm. Stand your ground and don’t allow anybody to manipulate or bully you into doing something that could worsen the situation. Arm yourself with adequate knowledge and learn your rights. Prepare to fight back to protect yourself from abusive practices. Keep in mind that you can’t be jailed for not paying a debt and even if you legitimately owe the creditor, you are still entitled to your privacy and that should be respected. Remember, you deserve to be treated fairly.

It’s not uncommon for some agencies to think that they can get the best results through intimidation. Since most collections are done through telephone, they feel that they can say whatever they want to say to the point of making personal insults and false accusations so they can regain their client’s money. They think they can get away with it as there are no paper trails.

Some would even attempt to use your credit score to harass you, telling you that they can ruin your credit score or file a claim against your credit score. You shouldn’t fall for this. Know that your credit score is instantly affected when you default on your payments; but there is nothing that a collection agency can do to make it any worse. In most cases, you can definitely be eligible for credit still.

]]> By: elizabeth bankshttp://www.moneycrashers.com/how-to-handle-a-credit-card-debt-in-collections/#comment-12035 elizabeth banks Fri, 28 May 2010 04:55:12 +0000 http://www.moneycrashers.com/?p=674#comment-12035 I have 820.00 to a debt collector first he told me i had to pay all and I said Icould not afford at this time,then he put me on hard ship but the payments were 150.00 I could not afford at this time not acceptable he said,this other guy comes on and wants to know where i work and social and told me to get a lawyer and file bankruptcy,they have never sent letters or called til today and i will not give him my number.P;ease help me in what to say or a letter to write and maybe i want need a lawyer. The man made alot of threats and my work was not good very upset. Thanks I have 820.00 to a debt collector first he told me i had to pay all and I said Icould not afford at this time,then he put me on hard ship but the payments were 150.00 I could not afford at this time not acceptable he said,this other guy comes on and wants to know where i work and social and told me to get a lawyer and file bankruptcy,they have never sent letters or called til today and i will not give him my number.P;ease help me in what to say or a letter to write and maybe i want need a lawyer. The man made alot of threats and my work was not good very upset. Thanks

]]> By: poor boomerhttp://www.moneycrashers.com/how-to-handle-a-credit-card-debt-in-collections/#comment-6227 poor boomer Sat, 01 Nov 2008 04:22:08 +0000 http://www.moneycrashers.com/?p=674#comment-6227 Government cheese! Government cheese!

]]>