National Debt Relief Shares Tips In Dealing With Debt Collectors

January 30, 2015 (PRLEAP.COM) Business News
January 30, 2015 - National Debt Relief recently shared in an article published January 28, 2015 on how consumers can handle when debt collectors start calling them. The article titled "How To Negotiate With A Debt Collection Agency" looks into some tips for consumers to explore when faced with debt collection agencies calling them for payment.

The article starts of by pointing out that consumers who are dealing with debt collectors know all too well how nasty things can get. These collectors are driven by the fact that they get paid in commission if they are able to collect. If not, that is basically money out of their pockets and loss in commission. This gives them a powerful incentive to stay on consumers until they pay up.

For consumers who face debt collectors, the article shares that one of the first things consumers can do is to figure out how much they can afford to pay even before talking to collectors. This helps consumers with a maximum amount that they can pay back on the debt when negotiating with collector.

Once a maximum amount has been set, consumers can then try to negotiate a settlement with the debt collector. One thing to remember is that these agencies were able to buy these debt at a very low price. This allows people to negotiate at a very low prices sometimes even below 50% of the original debt amount/

The article points out that if consumer are successful in settling their debt with the collector, the next step is requesting that the agency remove any detail about the debt being settled because this does not sit well with credit reports. Consumers can ask debt collectors to not put the settlement on the report.

One of the last things people would need to do is to ask for a written agreement from the debt collection agency. This needs to layout all the things that has been agred upon before the debt is settled. To read the full article, click this link:

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