Handling Debt Collection Phone Calls

How to Handle Debt Phone Calls

If you are late on a bill, or more than one bill, then you are probably beginning to receive collection calls from people who want payments from you. You may find yourself in the middle of what is essentially a recurring nightmare of callers who are absolutely insatiable and who will not go away. This does not have to be the case, however, because the FDCPA protects debtors from being harassed by creditors, especially when it comes to harassment via the telephone. Armed with your knowledge of the regulations and rules, and a plan of action, there is no reason why you cannot handle the calls before they overwhelm you.

The first step in the process is to decide whether or not you should answer the phone in the first place when your debt collectors do decide to come calling. If a collector has been trying to pursue you, you may find yourself reluctant to pick the phone up at first for a variety of reasons, or if you have already explained to the collector that you are doing your best but you are forced to have the same conversation over and over then you may feel frustrated and unproductive. Collectors can be overbearing, and as a result it can be easy for you to become overwhelmed and frustrated. You do not have to pick up the phone, but your caller ID and voice mail machine are not going to help you solve your debt, and if you want to get out under your debt you are going to need to be willing to talk to your creditors.

Learning how to handle creditor phone calls means that you need to have a script in order to have an effective conversation with your creditors. The most effective key is to have a plan figured out before you make any promises, so that you do not under deliver or over promise. You should never lose your temper, but you should also avoid tolerating any abuse. If you begin to feel overwhelmed at any point during a conversation with a creditor, seeking professional advice from a credit counseling may be a good avenue to take.

You are not the first person to be going through this, and other people have managed to get through their credit problems and debt collections. You will also get through it as well, but only if you have a plan that you can follow, and are patient and willing to work with your creditors. More often than not, if you are willing to work with your creditors, they will be willing to work with you, and this is well worth keeping in mind when your creditors phone you. If you show that you want to make things work, then they will be much more willing to work with you in most circumstances.

Photo Credits: 1

Related Articles
  • 4 Ways To Get Out of Debt

    Earn some extra money - hold a yard sale.

    For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken……
  • Is Some Debt Good For Your Credit?

    Does debt improve credit?

    There is no doubt about this, first of all: Getting into debt is more than capable of getting you into trouble. Although there is definitely a large downside to debt, borrowing money can also do you some good. Some debt is actually……
  • How to Fix a Mistake On Your Credit Report

    Know your credit!

    We all make mistakes, but when it comes to your credit report, a simple or small error can have a big impact. In fact, one small error is more than enough to drag down your FICO score and could even prevent you from……
Related Sites
  • Stuck in a Pile of Debt? Consumer Credit Counseling Can Help This is a guest post written by Jakob Jelling. Many individuals have been helped by consumer credit counseling to take control of their finances and to eliminate debt. Consumer credit counseling can work for you by teaching money management skills which can help you throughout your lifetime. Consumer credit counseling……
  • How Does A Credit Card Counseling Service Reduce My Credit Card Debt? There are a number of people looking for relief from staggering credit card debt that are hesitant to contact a credit card counseling service because they are unsure of what the service would be able to do to reduce their credit card debt….
  • Get Rid Of Your Credit Card Debts Credit card debt consolidation is a quite effective option of eliminating your credit card debts. Getting into credit card debt is really harmful for your credit score. It is even worse if you let it accumulate. At present, an average American household carries credit card debts of over $8,000 which……
  • How To Recognize Credit Counseling Scams In recent years, some credit counseling companies have become very good at taking advantage of people in difficult financial situations, causing many people to become more deeply mired in debt and owing more money than they did before contacting the credit counseling company….
  • How to Negotiate With Debt Collectors to Eliminate Old Debt &Raise; Your Credit Score If you have old debt from college or an earlier part of your life that you never got around to paying, it’s probably still floating around on your credit report. These bad debts will lower your credit score and make it more difficult for you to get a home-loan, a……

Tags: , , , , , , , , , , , , , , ,

Leave a Reply