NATIONAL DEBT - How to Deal With Debt Collectors. Dealing with third-party collection companies can be frustrating. They call several times at different times of day. I have dealt with collection companies for several years helping clients negotiate their past credit card debt. I will share my secrets of how to deal with debt collectors to get the best deal possible!
1. Be nice to them, debt collectors are used to being cursed by consumers. It is an attractive sector to work in. They're used to being cursed, hung up the phone and yelled over the phone. Note that they are only doing their job. When a debt collector is talking to someone who is not yelling at them, this could be the highlight of your day.
1. Be nice to them, debt collectors are used to being cursed by consumers. It is an attractive sector to work in. They're used to being cursed, hung up the phone and yelled over the phone. Note that they are only doing their job. When a debt collector is talking to someone who is not yelling at them, this could be the highlight of your day.
2. Are rewarded-This is a follow up to the tip above. Debt collectors are paid commissions in the amount they can charge. Surprisingly, debt collectors can become your best friend. When in contact with him, will be able to provide the best solution / payment plan they can offer. I've been able to build relationships with several companies in debt collection and once we have been able to establish these relationships, most offers accepted my payment of the blue!
3. Settlement offer by the end of the month - This is probably the best time to negotiate with them. As I mentioned, they are paid on commission so they want to collect any amount of money they can from you. I would recommend starting as low as.20 cents and work your way up.
4. Do not accept the first offer-If a collection company sent a proposed solution, which can be ecstatic knowing that you can reduce your debt by 50%. Normally, you should be able to reach agreement in the range of 30-40%. Do not give up! When you offer a deal, let them know that you have the money available today. They love when you can pay immediately before a month later. If you are offered a deal too good to be true, ask to divide the payments in three equal monthly payments. Usually have no problem doing that.
NATIONAL DEBT - How to Deal With Debt Collectors.
