7 Secrets Your Debt Collectors Hide From You


BANGALORE: It is no big surprise that if you have fallen behind on your bills, you may be hearing from debt collectors. If they do call, you will almost certainly hear that you need to pay them and that you need to do so immediately. There are some honest and ethical debt collectors too. 

But often, we hear stories of unethical collectors who both mislead consumers, by telling outright lies.  It is important for consumers to know when collectors are misleading them.

Let’s have a look at some of the secrets that they won’t reveal to you:

1. You don’t have to talk

One important thing that the debt collectors don’t want you to know is that there is no law that requires you to work with them at all, let alone even talk to them. They certainly don’t want you to know that if you send a cease and desist letter, one that says you no longer wish to be contacted about the debt. The collection agency must stop all the calls and letters immediately. If they fail to stop, they will violate the Fair Debt Collection Practices Act.