BankRate.com has posted two really good form letters you can use when dealing with debt collectors. It’s best to arm yourself with knowledge before you take on the likes of a collection agency.
Getting out of debt requires an aggressive plan, especially when dealing with collection agencies. Proactive measures can save you money and time, as well as help you avoid drastic consequences, such as a lawsuit or wage garnishment. These letters will help you take control of the situation.
Responding to a debt collector
Debt collectors ringing your phone off the hook for a debt you don’t owe? This letter will set them straight.
Negotiating with debt collectors
When you’re ready to get a debt out of collections, it’s in your best interest to get the best deal possible. This letter will get your negotiations started.