| One thing most people do not consider as part of | | | | there. So write them a letter as soon as you know |
| their personal finance knowledge is how to deal with | | | | they are after your money. |
| debt collectors. Or how to deal with any other | | | | They are not allowed to contact you excessively |
| contacts you may encounter in your financial dealings. | | | | either. This is classed as harassment. Obviously |
| It is important to see the point of view of the debt | | | | definitions of 'excessively' could very well be different |
| collectors you are dealing with. They have 'bought' | | | | on each side, so it is best to inform them of your |
| your debt off your finance company and their profits | | | | position in writing. |
| come from getting more than they paid back from | | | | They are only allowed to contact you between 8am |
| you. If you know and understand this you will be in a | | | | and 9pm. At least initially they are. If you inform |
| far better position to deal with them to your | | | | them not to contact you at all in relation to your |
| advantage. | | | | debt, they must comply. In this case they can only |
| This does not mean debt collectors are all sweetness | | | | contact you if it is to inform you of additional action |
| and light. Remember it is in their interest to get your | | | | they will be making to recover the debt. |
| money; as much of it as possible and as fast as | | | | Make no mistake, debt collectors, because of the |
| possible. The people you are dealing with will lose | | | | nature of this work, can become aggressive in |
| their jobs if they do not perform, but that does not | | | | recovering the debt. Your best defense is to know |
| mean you should just do what they say. | | | | your rights and not be bullied into making payments |
| Your debt collectors are well aware the majority of | | | | you cannot afford. |
| the people they deal with simply do not know their | | | | The absolute best way to deal with your debt |
| rights in these circumstances. They rely on this to | | | | collectors is to increase your personal finance |
| persuade you to pay more than you can reasonably | | | | knowledge to include how to deal with such people |
| afford and faster than you can afford. The best way | | | | and firms. Contact them immediately and try to work |
| to counteract this is to know what they can legally | | | | through your money problems with them. Once they |
| do and what they legally cannot do. | | | | see you know your rights, you will not be bullied and |
| They can only contact you at your workplace if you | | | | are willing to make an arrangement, it is in their |
| do not do anything. All you have to do here is send | | | | interests to come to an agreement. |
| them a letter stating they are not to contact you | | | | |