How to Deal with Debt Collectors (Part 1)

October 25, 2013

It’s important that borrowers know how to deal with debt collectors so they can avoid being or feeling harassed and can focus on getting their finances in order.

It’s important that borrowers know how to deal with debt collectors so they can avoid being or feeling harassed and can focus on getting their finances in order.

Owning money on multiple debts that may not immediately or readily be able to make payments on can be both embarrassing and stressful, particularly if the debt collectors are regularly calling you and/or sending you letters  trying to collect on the debts owed. While you may want to take the ostrich route and hide your head in the sand to avoid creditors, this can only backfire and create greater problems down the line. In such cases, it’s important that borrowers know how to deal with debt collectors so they can avoid being or feeling harassed and can focus on getting their finances in order.

The following are some tips on how to deal with debt collectors. These tips can not only empower borrowers, but they can also ensure that borrowers don’t do or say anything that could get them into trouble in the future.

  • Ask for all information regarding alleged debt to be sent to you in writing: Don’t assume that a debt collector knows the full extent of what you owe or that the person contacting you is necessarily providing you with accurate information about the debt. By law, debt collectors have to send you written notice of the debt within five days of calling you. This written notice should include the name of the creditor, the creditor’s contact information and the exact amount of debt you owe. Don’t waste your time talking to a debt collector until you have been sent this information.

For more advice on how to deal with debt collectors, check out our upcoming Part 2 of this blog.

Colorado Bankruptcy Lawyers

If you are overwhelmed by seemingly insurmountable debt and are looking for a financial fresh start, contact the trusted Colorado debt relief and bankruptcy lawyers at the Law Office of Jon B. Clarke, P.C. For more than 35 years, Mr. Clarke and his diligent support staff have been successfully helping our clients resolve even the most complex bankruptcy cases for both individuals and businesses alike. Our experienced legal professionals are committed to providing each of our Clients with the debt relief assistance they need, and we will work tirelessly to ensure that our Clients’ cases are resolved as favorably and efficiently as possible.

For a thorough assessment of your situation, along with expert advice regarding the best manner in which to move forward to unburden yourself from debt, call us at (866) 916-3950 or email us some details about your situation by clicking here.

Categories: Bankruptcy, Blog, Debt Delinquency, Debt Relief, Filing for Bankruptcy, Finances, How to Deal with Debt Collectors