This is not to say that you should not communicate with employees from collection agencies when they contact you about a debt, but you should think very carefully about what you say to them.
The disadvantage of going in for debt- settlement negotiations before default is that the card issuer will not be interested in helping you out. Further, the card issuer might transfer the account to a Debt Collectors Scotland.
If you take into consideration that relatively few people lodge a formal complaint, then you realize the actual number of violations must be very high indeed. In fact, it’s a little too high to account for the size of the industry and the volume of accounts that are in collections. Unfortunately, the situation seems to be getting worse instead of better.
Don’t forget the small stuff. Pay off your little items, such as old rental fines or unpaid gym memberships. These items will show up on your report, no matter how small the debt is.
Sending you postcards. The FDCPA was enacted to prevent debt collection agencies from embarrassing and harassing you. Therefore, the law says that they can’t send you postcards in the mail, or send you envelopes that in some way communicate that you owe a debt. In other words, the law was designed to protect you from the prying eyes of your letter carrier or your neighbors.
If the debt is legitimate and you want to work out a payment plan with them, make sure of two things. One, get the agreement in writing, and two, if you reach an agreement, make sure that you consistently make these payments.
Find a company where you can personally meet with the debt collector. Hire them if they are interested to answer your all queries and keep you informed of their process.You should ask them for a trial run in case you have several debts to recover. After only you get satisfied with their services, you can extend your contract.