Beware of Shady Debt Collector Tactics

Dealing with a debt collector is not something anyone wants to have to do. However, in today's society, it is very common to receive collection calls at some point. Here are a few shady debt collector tactics that you will want to watch out for.

Bullying the Innocent

One of the most common tactics that debt collectors use is to bully those that they contact. Sometimes, the individual that are contacted by debt collectors are innocent and do not actually owe anything. Debt collectors do not pay much attention to whether or not a debt is legitimate. Whenever a debt collector uses this tactic, they will resort to all kinds of bullying tactics. They may threaten to sue you or garnish your wages. They might tell you that you could face jail time if you do not pay your debt immediately. They might also threaten physical violence in some extreme cases. If any debt collector threatens you, you should hang up on them and report them to the Federal Trade Commission.

Pursuing Ancient Debts

Another tactic that many debt collectors will use is to try to collect ancient debt. This might be something that you have already dealt with years ago. Many companies will write off debt after a certain period of time and stop trying to collect it from you. However, at some point they might sell their accounts to a debt collection company. The debt collector will then try to collect all of the outstanding debts. You might have completely forgotten about a particular debt and moved on with your life. Then, all of a sudden, you get a call from a debt collection agency telling you that you owe a certain amount of money. Because of this, you will want to make sure that they send you a written statement to explain exactly what you owe. Make sure that the debt that they are trying to collect is within the statute of limitations for your state. For example, with credit card debt, the debt collector can only try to collect it for 5 years. After that, the debt is no longer valid.

Trying to Collect Bogus Debt

Another common scenario deals with a debt collector trying to collect bogus debt from you. The debt collector will call you and tell you that you owe a certain amount of money. The only problem with this scenario is that you do not actually owe the money. Make sure that you get a detailed statement to explain exactly when you incurred your debt. Sometimes, you will pay for a service in a timely manner the payment is not posted on to your account. Then your account goes through to a debt collection agency. At that point, you will need to contact the original creditor and run them that you did make your payment on time. They will then need to contact the debt collector and tell them to leave you alone.

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