with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly st

The title ‘debt collector' is self-explanatory and clearly states what such a person does. If you owe money to a lender and there has been a delay in payments over the past few months the lender may choose to either use their in-house service or employ a specialized debt collection service provider.

If it is a third party i.e. a specialized collection agency, they usually purchase your debts for less than you owe from your lender and then the debt becomes theirs. Therefore, they then have vested interests in settling the same.

Having a debt collector knocking on your door or receiving his call a number of times a day can be distressing. There is however a way out to the problem. Put in one word it is ‘awareness'. An awareness of your rights and safeguards. This will control the debt collectors and not the other way around.

Debt collectors while doing their job may tilt towards being forceful and intimidating. As a defaulting borrower, you are already on a back foot. However, you can still stand firm and not give in to their demands. Here's how:

The job of a debt collector is to advise you that you owe some monies. He cannot threaten abuse or intimidate you by threats of harm or police action. A debt collector may establish contact with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly st

hird party i.e. a specialized collection agency, they usually purchase your debts for less than you owe from your lender and then the debt becomes theirs. Therefore, they then have vested interests in settling the same.

Having a debt collector knocking on your door or receiving his call a number of times a day can be distressing. There is however a way out to the problem. Put in one word it is ‘awareness'. An awareness of your rights and safeguards. This will control the debt collectors and not the other way around.

Debt collectors while doing their job may tilt towards being forceful and intimidating. As a defaulting borrower, you are already on a back foot. However, you can still stand firm and not give in to their demands. Here's how:

The job of a debt collector is to advise you that you owe some monies. He cannot threaten abuse or intimidate you by threats of harm or police action. A debt collector may establish contact with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly st

an be distressing. There is however a way out to the problem. Put in one word it is ‘awareness'. An awareness of your rights and safeguards. This will control the debt collectors and not the other way around.

Debt collectors while doing their job may tilt towards being forceful and intimidating. As a defaulting borrower, you are already on a back foot. However, you can still stand firm and not give in to their demands. Here's how:

The job of a debt collector is to advise you that you owe some monies. He cannot threaten abuse or intimidate you by threats of harm or police action. A debt collector may establish contact with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly st

borrower, you are already on a back foot. However, you can still stand firm and not give in to their demands. Here's how:

The job of a debt collector is to advise you that you owe some monies. He cannot threaten abuse or intimidate you by threats of harm or police action. A debt collector may establish contact with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly st

with the borrower in person, via sealed mail, telephone, fax or a telegram. He can not use a postcard as it can be read by anyone. He cannot also call before 8 a.m. and after 9 p.m., unless you agree on a time.

The first call from the debt collection agency has to be followed up by a written statement clearly stating your creditor's name, the actual amount owed and what action he can take if you do not acknowledge the money owed. This written letter must be accurate and have no false information.

Also note, the debt collector cannot contact your relatives, friends, neighbors etc unless to obtain your contact information. In such circumstances he cannot inform them that you are in debt. You are entitled to your privacy even if you are in default.

Remember you cannot and should not force the debt collectors to coerce you into making payments as per their demands. A number of collection agencies work on the premise that the best way to get the payment is to make sure that it becomes number one on your priority list. While you know you owe the monies, you have to ensure that you clearly prioritize your finances. If there is a greater and pressing need for your money, like for medicines or food then you must allocate the funds accordingly.

You can choose to directly negotiate with the debt collector or appoint an attorney instead. If you deal directly, do not feel compelled to offer private information that can be misused to force payments from you. E.g. where you work, your personal account information and the like.

Always seek written communi