How to deal with debt collection agencies

Everyday debt collectors are threatening people which is really unfair and sometimes they use illegal way to get there money and harass the people who are not even owed.

They can call at anytime and at anywhere, wherever they can. They use different illegal tactics to get the owed money. Their motive is to harass the people so much that they start to pay off their owed amount as soon as possible. They can disturb you at home, at work, even on the mobile. They will use every possible way to get their amount. In spite of these things if they could not succeed to recover the amount, they use different way to collect the amount which is not fair. There are many ways that anyone can use to stop the debt collectors for harassing you. It will help you to know that how to deal with debt collection agencies.

First you need to organize your debt. Gather all records and take a close look at how much you have to pay and to whom. After that you have to know the debt collection laws. With the help of these laws you will know that how to deal with debt collection agencies. According to law no collection agency can call before 8 in the morning or after 9 in the night. They also cannot call at work unless the debtors tell them. Also, they cannot threaten and use profane language to recover the owed amount. If they do not obey the law, calmly remind them of the rules and regulations and tell them to stop calling and harassing you until they follow the law.

Once they follow the law, you start to negotiate with them to make a settlement in full. Many times it is seen that they are ready to get what they can because they know that something is better than nothing. Once they are ready to accept the amount you demand a letter stating that this will settle the full debt amount. Once you get the letter send them the amount you owed with a copy of the letter and request a receipt letter. The receipt letter will show the proof that the amount has been settled and they cannot harass you anymore in future. Once you get the receipt letter, keep it in a safe place.