It is a common saying that ‘rules are meant to be broken’. Similarly, debt collectors have some pre defined rules which they normally don’t follow. Here are some laws, which can help you stop the  ever annoying collector calls.

Third-party Collectors: The Meanest Ones:

If you and lender are the first and second party, then the debt collectors are the third party whose core aim is to collect the money, by hook or by crook. It’s useless to explain things to them or to talk to them nicely since they are just a business to you.  FDCPA (Fair Debt collection Practices Act) is a central law which says that if you tell the collectors to quit calling, they should do it.

Sample Letter:

Sample letters are the letters which the debt collector sends within five days after you provide them with your address. Once they call again, you can simply ask for their address and ask them not to call anymore instead you will be in contact with them via mails or letters.

Receiving letters is far more comfortable for you since it can help you think about the ways you can pay the debt rather than just answering to the infinite annoying calls. There are some cases when the collectors don’t stop calling. Well, there is one easy solution to it, Sue them. Suing them or complaining against them to the FTC can be really helpful. State attorney General can also be contacted if none of the previous mentioned results work.

There are some debt collectors who purchase debt absolutely for a few cents on the dollar keeping in mind that they will get a nice amount of profit if they get successful in collecting debts. There are types of debt collectors, non professional and hired ones. If the hired collector keeps calling and annoying you asking for the money then you can directly contact the company you took the loan from, telling that your employee is violating the FDCPA terms. Read the full story

When you have gone through a dental treatment and you haven’t paid it completely, you will keep on receiving letters from the dental office. There are certain times when you are not able to pay back. Anyhow, it doesn’t mean there is no solution for it, adopting a few methods can help you come up with agreements on unpaid dental bills.

Discuss Your Issue At Dental Office:

Hold a conversation with the dental office staff and request for your repayment plan. Many dental offices offer a repayment plan to their customers. Ask for a repayment plan according to the amount you can pay every month easily. It all depends on you how many months you take to pay your bills.

Take up new methods of Financing:

To overcome the dues, you can get new credit cards that offer low interest rates to pay your monthly dental bills. Credit cards like Care card is favored for its low interest feasibility to overcome dues of previous dental treatments and other medical over-dues.

Consider Personal Loan:

Borrow a personal loan, or take line of credit to overcome your dues. If in case your dental office doesn’t give you repayment plan. This method can be useful for you with low interest rates and extended time period.

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If you have received a medical bill from your dental office for the treatment that you took previously, then it means that you didn’t pay it in full. When your financial situation alarms that you can’t pay your dental bill, then you can take help from certain methods in order to settle your unpaid dental bills. If you find yourself in such situation, then follow the ways given below.

Consult Your Dental Practice

You can resolve your problem by discussing your unpaid dental bill with your dental practice. The best way to do that is to explain your financial situation and request a new repayment schedule so that you can pay back your dental bill with suitably affordability on monthly basis. Many private dental offices offer a rearranged payment plan for you on reasonable terms.

Getting a credit card is same as you borrow certain amount of money from a bank and you have to pay the interest on that debt.

Of course one can have bad conditions such as losing job or not having good health, which makes you unable to pay your credit cards. So what will happen if you don’t pay your credit cards? There are different actions that can be taken against you, it depends upon the creditors.

But we can predict some results that are most like to happen if you don’t pay your credit cards. When you won’t be paying credit cards or making late payments, they will first report your late payments to the credit card agencies. This report will damage your credit rating and also you will get late fees penalties. Read the full story

The Federal Debt Collection Practices Act has an important section regarding debt validation. In order to protect consumers who are in dispute with debt collectors, the consumers are given the right by the federal government, to challenge the validity of any debt claimed by a collection agency.

The Fair Debt Collection Practices Act

The topic can be found in The Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809, in which it is stated that:

a. Within five days after the initial communication with a consumer, in connection with the collection of any debt, a debt collector shall send the consumer a written notice containing the following, unless the following information is contained in the initial communication or the consumer has paid the debt.

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The statute of limitations is the total time period that a creditor has, with respect to debt collection, to file a lawsuit for a delinquent debt.

But it is also possible that once the statute of limitations expires, a consumer may still be slapped with a lawsuit.

A consumer may have a lawsuit dismissed, once the statute of limitations runs its course, on its basis. But it is most likely that the collection process won’t stop by writing a letter to the collection agency regarding the statute of limitations.

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If you have bad credit, you will have to deal with collection agencies sooner or later, and these companies often present the most persistent and unpleasant problem for those with bad credit. Collection agencies are basically companies that work on behalf of companies to try to recoup money that is owed.

If you owe your credit card company a payment that has not been made in some time, your credit card company will eventually ask a collection agency to speak with you. In many cases, collection agencies try to get money for their clients through phone calls. Some collection agencies are quite reasonable and will try to work with you. However, some will use threatening or harassing techniques – including verbal threats and daily phone calls – to try to get you to pay. To prevent the stress that collection agencies can cause, learn to deal with collection agencies.

You should always get the full name of whomever you speak with at a collection agency. You should try to be honest about your ability to repay and try to work out a payment schedule or payment options. If at any point you feel threatened or harassed, say so. Hang up the phone if the collection agent persists and contact the company who is trying to recoup money from you directly.

Note that the collection agency the company uses has been using is using abusive or upsetting language and ask to resolve the issue with someone at the company directly. Get the name of the collection agency and report them – and the agent you spoke with – to the Better Business Bureau. Refuse further calls from the collection agency and continue your communication with the creditor directly, noting each time the collection company contacts you with harassing or abusive calls.

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