Collection Agency Basics Part Four: Tactics A Debt Collector Uses And What To Do After You Have Paid

In the first three articles in this series I defined the term collections account, wrote about how sending late accounts out to an agency profits the creditor, and wrote about the practice of selling an old debt to a third party collection company. I spoke about the type of information that a collection company will obtain to utilize in their efforts, and the type of laws that third party collection agencies must follow. I described illegal and legal tactics that debt collection agencies use to collect.

I reminded you that most debt collectors realize that it is imperative to collect on your accounts as soon as possible. Many will ask you why you can’t pay today, and many will attempt to manipulate your emotions or insinuate that you are fiscally irresponsible to upset you into agreeing on a payment.

Another strong arm method utilized by collection agents is to upset a consumer by manipulating their emotions, and then transfer them to an agency supervisor. By this time the debtor might be angry or frustrated and it will be more probable that they would agree to something easier simply to get off the phone. If you find yourself in this situation, try to remain calm throughout the conversation.

Try to remember that you aren’t talking about a mortgage payment; the debt collector can not take your house away if you can not make the payments that they are specifically requesting. Don’t let the collection agency manipulate you into agreeing to something that you cannot afford at the moment or intimidate you into doing what you don’t want to do.

Try your best to stay firm and stick to the terms that both parties agreed on. After coming to an agreement about a payment plan, as with ANY financial deal, confirm your agreement in writing by sending a written plan by certified mail, return receipt requested to ensure delivery and proof that the agency received it.

Rapid Recovery Solution does commercial debt collections and writes articles on nationwide collection companies.