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Taking Action: Handling Debt Collector Threats

Taking Action: Handling Debt Collector Threats

Generally, debt collectors are prohibited by law to threaten delinquent debtors with anything that they cannot legally do. Debt collectors cannot threaten you to take your house unless they hold a mortgage on your home, they cannot threaten you with harsh language, intimidation tactics, name calling or freeze your bank account.

If you feel that your debt collector has crossed the line, you need to keep a good record of any and all threats made. Every interaction, conversation, phone calls must be documented. If you are in a position wherein you cannot take notes of any conversation with your debt collector, it’s best to not answer the call or engage in the conversation.

When to Consult an Attorney

If you got served with a court summons, it is recommended that you seek the counsel of an attorney. Ignoring the summons will not make the problem go away. If you fail o respond to the summons on time, your creditor will be granted default judgment, which will allow them to legally garnish your wages or levy your bank account. An attorney can help guide you on how to handle the lawsuit and respond correctly. Additionally, purchasing an eBook that helps you handle any debt claims like Answering a Summons is a great help as well.

Stop the Harassment

You have the right to stop the harassment from a third-party debt collector at any time you choose. You need to create a Cease and Desist letter, indicating that you no longer wish to be contacted about your debt. The collector can send you one more letter to let you know what their game plan is and that’s about it. However, do note that you might be contacted for the same debt by a new debt collector assigned to your case.

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51 Responses to “Taking Action: Handling Debt Collector Threats”

  1. Tabetha says:

    Thank you for spending some time to describe the terminlogy towards the starters!

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