No matter if you are an introvert or an extrovert, loan collectors can put the best of us on our back foot. Even those who are able to pay mess up the call due to sheer nervousness. That is never good news for anyone in financial trouble.
Considering all these factors, we might conclude that debt collectors are extremely scary and can lead to nervous breakdowns in the best of us. The knowledge that we owe them something is quite intimidating. One needs a lot of mental fortitude to face these calls with complete confidence. Use our special tips to make sure that you come out of these calls on top and with your mental fortitude intact. The sips will also help you in avoiding new problems which you can create by speaking nervously. Keep these tips in mind and exercise them, we guarantee that you won’t be disappointed.
- Don’t participate in chitchat with any financial personnel on the phone. Don’t disclose any personal information in case it might be used to give you a disadvantage in the proceedings.
- You are not liable to share any personal tidbits or give any answers with which you might be uncomfortable. The details such as your Social Security number, financial institutions, or your details are not public knowledge and should not be made so.
- Don’t rely on a telephonic conversation. Request everything in writing and make sure every detail is mapped out.
- Dispute any unreliable facts that you hear on the phone. Write these disputes in a letter and send it to the agency at the earliest convenience.
- There is no use arguing or complaining to the agent.
- Be clear about your debilitating finances.
- Don’t negotiate the debt terms on the telephone.
- Make no agreement over the phone.
- If a debt collector threatens you, is verbally abusive, uses profane language, or calls you repeatedly during one day or day after day, take notes. The debt collector is violating federal law with these actions. Write down each violation, including the date and time it happens, the name of the debt collector or debt collection agency, and the specific debt you are contacted about. If things get really bad, share your information with a consumer law attorney: You may have grounds for a lawsuit.
While our last suggestion is a bit outside the realm of possibility, never take anything for granted. Keep a thorough record of everything. For more financially sound advice, visit our knowledge hub.