2 things a delinquent can and cannot do

You are worried after a call you received from the debt collection agency. After reading customer reviews of cedar financial, a debt collection agency, you feel a little confident about the fact that they are a legitimate business. But you still need to know more about the debt collection agency and its process, especially after receiving a call about the collection.

You need to know what a collector can do or cannot do so that you feel prepared and knowing your rights is the best way to do that.

In this blog, we will discuss what are the rights of a delinquent. What he is legally allowed to do or not do so as to not make matters worse.

Let’s begin..

A delinquent should not

1. 1. Ignore a call

2. If you think that ignoring a collection call will make the collector go away, it is not going to happen. A collector will keep calling you unless you pick the call, they will even contact you at office or will drop by your home. So, pick the call and get all the information about the collector and debt.

1. 2. Ignoring a court summon

2. If a collector sues you for not paying the debt, and you get a court summons, don’t ignore that. If you ignore it, the collector will automatically win the charges, and you will have to face the consequences like wage garnishment.

3. But if you honor the summon, you have the chance to win the battle.

A delinquent should

1. 1. Verify the debt

2. When a debt collector calls you, you don’t have to accept the debt as yours before getting it verified. A collector is legally bound to tell you the procedure for verifying the debt. You have thirty days from the initial collection call to send a letter to verify the debt. Once you get the details and verify that the debt is yours, you can move ahead with the collection process. If you still think that the debt is not yours, you can ask your collector for further instruction or take help from a lawyer.

1. 2. Get full details about your debt to know its status and get information about the collection agency

2. There is something known as the statute of limitations if it expires you don’t have to legally pay the debt. Thus, you should ask the collector to send you every detail related to debt and its status.

3. Also, never forget to get details about the collector. You need to know his name, the firm he works for, and his contact details. It will help you to verify the legality of the debt collector and so on.

It doesn't matter whether you owe a debt or not, knowing how a collector works and what you can do will help you in case a fraud or dishonest collector calls you. Also, never accept the debt as yours until you have evidence that it belongs to you. And when you do, it is best to pay off the debt as it will help your financial status.

Jackson Gilbert is a Blogger. With his skills, he has been helping fellow marketers and brands worldwide. When not glued to his laptop, he can be found making travel plans that rarely happen.