Scare Tactics Debt Collectors Use
The main purpose of debt collectors is to frighten their targets. Credit card companies use collectors who are pros at intimidation and the average person stands little chance against their ruthless assault. These collectors usually employ psychological attacks on debtors, forcing many into paying off bills before they tend to the staples of life such as food and shelter. Most collectors work for a commission so their main goal is to get a payment from the debtor, thus making themselves money. They will lie, trick, con, and manipulate in an effort to frighten a payment from you.
Some of the more common tactics and common things they will tell the debtor in an effort to scare them.
Calling you several times a day.
This is done to harass you, as if you didn't know you owed money. All they are doing is trying to wear you down.
Sending official looking documents in the mail pretending to be attorneys.
Getting several different kinds of collection letters is common. Som of them are going to threaten lawsuits but be sure to read the small print. You'll find that many say your case has never even been looked at by an attorney. These letters are sent out by bulk in the thousands are meant to frighten you.
They are turning your account over to collections.
This is part of the usual process and a delinquent account can be actively moving through more than one collection agency over a period of only a couple months.
They are going to "charge-off" your account.
All this means is that they are listing your account as delinquent for accounting reasons. It has no impact on the process what so ever.
They are going to garnish your wages.
They aren't, not that easily. Garnishments have to go through a time-consuming legal process and can only be ordered by a judge.
They are going to put a lien on your property.
Same thing. Only a judge can order a lien, and there is a required legal process that takes time.
That you are in big trouble, that you should be ashamed.
Literally millions of American are in the exact same situation that you are. Yet millions of Americans aren't going to jail for it like they would have you believe. It nothing to be ashamed of, and you aren't a bad person.
They are trying to help you.
They aren't. They are trying to earn their commission. Any concern they show or advice they offer you is not genuine. Their job is to get you to make a payment, it is how they get paid.
We don't negotiate with settlement agencies.
Every large creditor does settlements. They tell you otherwise because they don't get paid if you pay off what you owe through other means. Granted, credit card companies aren't thrilled with debt settlement agencies because these agencies know exactly what can and cannot be done to settle the debt. None the less, the creditors will work with them.
Debt collectors will say just about anything to scare a payment out of you. Be prepared to be threatened, spoke rudely to, and yelled at. But also know what you can do to settle your debt. Knowledge is your best defense.
Learn about debt settlement, debt consolidation, debt relief, and more at Impact Debt Settlement
Some of the more common tactics and common things they will tell the debtor in an effort to scare them.
Calling you several times a day.
This is done to harass you, as if you didn't know you owed money. All they are doing is trying to wear you down.
Sending official looking documents in the mail pretending to be attorneys.
Getting several different kinds of collection letters is common. Som of them are going to threaten lawsuits but be sure to read the small print. You'll find that many say your case has never even been looked at by an attorney. These letters are sent out by bulk in the thousands are meant to frighten you.
They are turning your account over to collections.
This is part of the usual process and a delinquent account can be actively moving through more than one collection agency over a period of only a couple months.
They are going to "charge-off" your account.
All this means is that they are listing your account as delinquent for accounting reasons. It has no impact on the process what so ever.
They are going to garnish your wages.
They aren't, not that easily. Garnishments have to go through a time-consuming legal process and can only be ordered by a judge.
They are going to put a lien on your property.
Same thing. Only a judge can order a lien, and there is a required legal process that takes time.
That you are in big trouble, that you should be ashamed.
Literally millions of American are in the exact same situation that you are. Yet millions of Americans aren't going to jail for it like they would have you believe. It nothing to be ashamed of, and you aren't a bad person.
They are trying to help you.
They aren't. They are trying to earn their commission. Any concern they show or advice they offer you is not genuine. Their job is to get you to make a payment, it is how they get paid.
We don't negotiate with settlement agencies.
Every large creditor does settlements. They tell you otherwise because they don't get paid if you pay off what you owe through other means. Granted, credit card companies aren't thrilled with debt settlement agencies because these agencies know exactly what can and cannot be done to settle the debt. None the less, the creditors will work with them.
Debt collectors will say just about anything to scare a payment out of you. Be prepared to be threatened, spoke rudely to, and yelled at. But also know what you can do to settle your debt. Knowledge is your best defense.
Learn about debt settlement, debt consolidation, debt relief, and more at Impact Debt Settlement
