- Credit Repair
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Debts are bad, whether they are small or big debts. Everyone starts with a small debt and before they realize it, the debts are already too many and difficult to pay. One of the reasons why you should try as much as possible to avoid getting into debts is in order not to make it a habit of spending more than you can afford. This is why a lot of people need credit repair Virginia services today. The other reason is in order not to deal with debt collectors, which is not a very good experience. But for those who are already there in Richmond, VA, here are some of the things you can do once a debt collector gets in touch with you:
1. Talk to him
While it may seem as a good idea to avoid speaking to a debt collector, it isn’t. It is wise to take some time off to speak to the collector. If he has called you and you do not have time to speak to him at that time, ask him politely to call at a certain time when you will be able to talk to him.
2. Take notes
When talking to the debt collector, ensure that you are taking notes. He will also be taking notes about your conversation. These notes can be of great help in case the matter is taken to court. In your notes, indicate the date and time he got in touch with you, the name of the collector, his collection agency and the amount of money he alleges you owe his client. Take down as much information as you can from your conversations.
3. Do not admit guilt
The debt collector will obviously do his best to make you admit to the debt so he can push you to make quick payments. That is why you should deny the debt until you are proven guilty.
4. Ask him to send you information pertaining the debt
This will work to prove that he is actually not mistaking you for someone else. Ensure that the sent information matches what you have in your records.
5. Avoid disclosing personal information
Debt collectors will obviously want to know your other debts and how you pay your bills, but this is information they can easily get from your credit report. They might use anything that you say to make you pay the debt in a hurry.
6. Do not take the conversation too long
If you were not well prepared for such a call, you will obviously not be in a position to negotiate anything. Hang up and take time to think about the debt. By keeping the conversation short, you will not be pushed to commit to something that you might not be in a position to honor.
7. Come up with a plan
Once a debt collector gets in touch with you, it is good to immediately come up with a plan on what to do next. This should be a plan that can help you improve credit score.