No one wants to be in debt. It can feel overwhelming when you aren’t sure of the way out. Right now, the most important thing to do is learn how to deal with debt collectors. Remember, when a debt collector calls you to collect on debt you owe, you have legal rights. No matter what you owe and how far behind you are, there are ways for you to make a bad situation a little better. The truth is that there are also ways to make a bad situation worse!

Yes, there are things you should never, ever say to a debt collector. If you do, you’re going to take this situation into even more upsetting and legally-damaging territory. We don’t want this to happen to you! Safe Credit Solutions is here to help you avoid making this any worse than it already is.

What You Should Never Say To A Debt Collector

The Fair Debt Collections Practices Act helps protect people just like you from predatory debt collectors when you’ve missed a bill payment. Knowing what and what not to say is a good way to stay within your rights. When on the phone, never:

#1 Offer up any type of personal information. While on the phone with a debt collector, you are going to want to share as little about yourself, your home, your family, your job, and your financial situation as possible. Never tell them your social security number or banking information. Don’t share with them where you work, when you work, or how much you’re making right now. The more they know about you, the more they can harass you.

#2 Admit the debt is yours. Even if you know exactly what they are talking about, never admit it is your debt. Just like most legal actions, debt has a statute of limitations. If the statute of limitations has expired, the debt collector can no longer sue you to recoup the debt. Admitting a debt is yours may reset the clock on old debt. This is why it is never a good idea to do so, just in case.

#3 Provide ammunition. It would be a big mistake to tell the debt collector that you spent the payment money on gambling, travel, gifts, shopping, or some other non-essential reason. The only information you need to provide is that you know your responsibilities but that you have encountered an unanticipated situation.

Safe Credit Solutions can Help You Deal with Debt Collectors

You don’t want to stay in debt, but you’re struggling to pay it all back. What can you do?  Safe Credit Solutions is here to help you! Right now, it’s essential to learn how to handle that debt efficiently. We have a team of professionals here to help you to keep up with financial obligations and make sure that you pay your debts off as quickly as possible. Making a mistake now is going to further hurt your credit report and make it harder to get essential financial loans and lines of credit ranking in the future. Our credit consultant will go over your current financial debt profile and help you to determine the best way to improve your credit. Make the call today!