Comments on: Dealing With The Third Party Debt Collectors http://www.fairloanrate.com/2010/03/02/dealing-with-the-third-party-debt-collectors/ Student Loan, College Loan, Auto Loan, Credit Card, Mortgage, Personal Finanace Wed, 08 Feb 2012 15:15:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Settle your debts http://www.fairloanrate.com/2010/03/02/dealing-with-the-third-party-debt-collectors/comment-page-1/#comment-4978 Settle your debts Wed, 03 Mar 2010 05:24:24 +0000 http://www.fairloanrate.com/?p=5513#comment-4978 Just be careful here. The law allows you to write to the third party collector and ask them to cease harrassing you. But once they get the letter, they are only allowed to contact you to advise that they are taking you to court or to advise you that they are sending in the baillifs - nuclear options. You don't want to let things get that far - even though being chased for debt feels like intimidation and harassment, it might be easier initially to bite the bullet and discuss things with the lender and come to an agreement to make reduced payments. If you've made the effort, but they are still being unreasonable, then write the letter to ask them to desist. And always always keep records of all discussions with lenders, so that if it does come to court, you can prove you were reasonable. Just be careful here. The law allows you to write to the third party collector and ask them to cease harrassing you. But once they get the letter, they are only allowed to contact you to advise that they are taking you to court or to advise you that they are sending in the baillifs – nuclear options.

You don’t want to let things get that far – even though being chased for debt feels like intimidation and harassment, it might be easier initially to bite the bullet and discuss things with the lender and come to an agreement to make reduced payments. If you’ve made the effort, but they are still being unreasonable, then write the letter to ask them to desist. And always always keep records of all discussions with lenders, so that if it does come to court, you can prove you were reasonable.

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