Hmbr Arc Rec - Debt Collectors Contacting You: Know Your Rights
If you've been approached by a debt collector for the first time, or if you're scared that you'll be contacted because you've fallen behind on your payments, you're likely to have a lot of questions and be nervous about the process.
This post by Hmbr Arc Rec will provide you an overview of the debt collection industry so you can comprehend the perspective of a collection agency. This should give you a better understanding of what motivates debt collectors and their motives, making your contacts with them easier and less stressful. You won't have to worry about anything because the experts at Hmbr Arc Rec can effectively guide you through all of the terms associated with debt collection without putting you in any legal entanglements.
Find out the following when you're contacted:
- Don’t ignore them
- Get information on the debt
- Get it in writing
- Don’t give personal details over the phone
- Try settling or negotiating
- Get information on the debt
- Get it in writing
- Don’t give personal details over the phone
- Try settling or negotiating
Knowing what to do if you receive a call from a debt collector will help you deal with the situation. Debt collectors must follow certain rules in order to collect on past debts, so it's critical to understand your rights in this circumstance.
