I’m all for repaying your debts and owning up to your responsibilities, but there are some situations when bad things happen and repaying what you owe isn’t a realistic possibility.
If you happen to be in this unfortunate situation, let’s hope the debt collectors featured in this CNN report aren’t the sort of (Good)fellas calling on you to get your mortgage payment up to date, or worse, used their own money to buy your zombie debt for 3 cents on the dollar hoping to make a 33.3 fold profit on their investment.
So if you’re receiving this kind of collection call:
When I see you, I’m gonna f*** you up! I want my money and I want it now.
You will want to save those voicemail messages.
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After this sort of over the top collection attempts, it’s not surprising that Green Tree Servicing and other debt collection agencies find themselves being sued for mafia-like collection tactics.
What to Do When Debt Collectors are Harassing You
To be completely honest, I’ve never had to deal with such a situation. So I’m not exactly sure what you should do other than repay your bills on time.
However, there are former debt collectors and experts in the collections field who now write about their experiences, as well as offer advice on what you should and should not do.
Document Everything. If you feel you’re being harassed by a debt collection agency, then by all means, make absolutely certain that you document every single occasion when they sent you a threatening letter, harassing phone call or left a disturbing voicemail message. If a debt collector actually comes to your front door, take a photo if you can and immediately write down what was said. If you want to prove harassment, you need proof other than just your word.
Educate Yourself on Your Rights as a Debtor. Even though a debt collector may treat you like a deadbeat who can’t repay their debts, you still have rights under the Fair Debts Collection Process Act. If they violate your rights, you have several options to fight back. Threatening behavior is obviously a violation, but other rules such as who they can contact, what times they can call, or if they can call you at work, are worthwhile pieces of information you should know.
Educate Yourself About Fighting Back Against the Debt Collectors. Once you assess your situation and you strongly feel that it’s your best interests to fight the debt collectors versus repay what you owe, you need to arm yourself with as much information as you possibly can. Whether this be simply disputing that you owe anything at all, or something as massive as suing a debt collector for harassment, you need as much information and guidance as you can get.
Got a debt collection horror story that rivals getting your legs broken? I’m sure the group would love to hear about it.