Have you ever been harassed by calls from collection agencies and bill collectors. Chances are you have. Sometimes they can be nice, sometimes they can be rude, but the only thing they want is to get as much information so that they can collect the money.
However, you are not completely defenseless. There are things you can do to stop collection calls, stop creditor harassment, and deal with the bill collectors successfully.
All it takes is a little knowledge and preparation…
Bill Collector Warning
You Have A RIGHT To Remain Silent!
If you ever dealt with bill collectors, you almost certainly have heard the following statement: “This is an attempt to collect a debt and any information obtained will be used for that purpose!”
This statement is what as known as a “Mini-Miranda of Your Rights”. It is similar to an arresting police officer reading someone his or her rights. You have a right to remain silent because chances are the information that you give a debt collector can and will be used against you.
But what they are really saying is: “Tell me as much information about you and your situation as possible to help ME collect the debt YOU owe”.
You should not give the bill collector any information about your situation or your finances. Remain silent, as anything you say can and will be used against you by a bill collector. They are giving you a warning and all too often consumers think they have to divulge everything to harassing bill collectors.
Don’t give them any information to help them collect the debt you may owe to them. Don’t give them your home number, address, work information, family contacts, etc. This is one sure fire way to reduce and eliminate your receiving calls at home, at work and possibly prevent your family and friends from being contacted by debt collectors.
In working with debt collectors you should only VERIFY what information they already have on file for you. If they don’t have particular information on file, then don’t volunteer it to them. It’s just as simple as that!
Bill collectors will say and do whatever they feel necessary to help them collect on a debt. For example, they will say things like “we can’t work with you until we have updated or current information”, or “if you don’t provide us with your information we will have to note your file as a refusal to pay”, or even that they will “sue you if you don’t provide information”. These are most likely threats to try to convince and manipulate you into giving up your private and confidential information. These are just some of many collection tactics a debt collector will try to use against you.
So don’t give in. Don’t help them to get their work done. Let them work hard for their money.
This is just one of the things you should be aware off.