No one wants to be harassed by creditors, but it does happen and sometimes in very abusive ways. Debt collectors are notorious for using threats or intimidation for collecting on credit debts. While your debts are your responsibility you don’t have to be subject to unfair collection practices. The best place to start when combating a debt collector, is knowing your rights.
Stand Up For Yourself
If you are receiving debt collection calls, notifications or emails don’t ignore them. Even if you don’t think the debt is legitimate, ignoring your debts is never helpful. Instead, ask the creditor for written verification of the debt. As a debtor, you have the right to ask for proof that you own the debt before being required to make a payment. In some cases, a third party collector will not have access to your account; therefore also make a formal request for verification with your creditor directly.
Once the debt has been confirmed you can begin a process of negotiation. You do have the right to enter credit negotiations over your unpaid debts. You can request to have your payments lowered, interest rate lowered or even request to have your debts settled for less than is owed. However, remember that the creditor is not required to comply with your request. Therefore, it is important that you remain polite during your negotiations and be flexible with the type of help you need.