What to Do When You Receive a Collection Letter?

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What to Do When You Receive a Collection Letter? – This is a place for the community to provide tips and advice on What to Do When You Receive a Collection Letter?. This topic was created by Arjen Nuyl and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How to Deal With Collection Agencies

Published: 9 years, 3 month(s) ago | Submitted by Christoffer Ernst | permalink

Collections agencies specialize in collecting money for creditors after you've failed to pay back a debt for a certain amount of time. These agencies are known for making harassing phone calls and using intimidating language to collect...
Tags: WikiHow, Deal With Collection Agencies, wiki, how to articles, how to instructions, DIY, tips, howto, learn, how do I

For further reading: http://www.wikihow.com/Deal-With-Collection-Agencies ^[1]

Tip 2 - I’ve been contacted by a debt collector. How do I reply?

Published: 9 years, 3 month(s) ago | Submitted by njaguar | permalink

Depending on your situation, there are many different ways to respond appropriately to debt collectors. You can consider using the following sample letters if you’re experiencing common problems that may come up with debt collectors and you need help responding. I do not owe this debt. <l

For further reading: http://www.consumerfinance.gov/askcfpb/1695/ive-been-contacted-debt-collector-how-do-i-reply.html ^[2]

Tip 3 - What to Do When You Receive a Collection Letter? | eHow

Published: 9 years, 3 month(s) ago | Submitted by Claudinea Tavares | permalink

If you have unsettled debt, or a collection agency thinks you do, you might get a collection letter. Third-party collection agencies sometimes purchase your debt from the company you originally owe the money to, so your debt is owed to whichever company sends you the letter. Before taking action, you should thoroughly understand why you received...

For further reading: http://www.ehow.com/way_5839773_do-receive-collection-letter_.html ^[3]