Debt Collector Basics Part Five: Getting Proof Of Payment And Avoiding Future Phone Calls
In the first four articles in this series I wrote about the definition of collections account, spoke about how sending late accounts out to an agency helps out a creditor, and described the practice of selling an old debt to a third party collection agency.
Just What Can A Debt Collector Do To Me If I Don’t Pay?
There seems to be a lot of misinformation about what collection agents have the power to do. Admittedly, some bill collectors may intentionally lie or insinuate that they can do more than they legally can to intimidate debtors. Typically the main factor that will motivate debtors to pay is the persistence of correspondence from the debt collectors. If they do not pay, they know that the letters and phone calls will not stop.