We all want to pay our bills on time but sometimes due to some financial crunch it is not possible to make even minimum payments and meet due dates. In such situations, it is advisable to call on your creditors and inform them about your debts. In most cases, they may be willing to reschedule payments or make other considerations to help you repay the debt.

If a debt goes unpaid for an extended period of time, creditors may turn your account to a collection department or agency. Most collection professionals do not utilize threatening and intimidating collection techniques. But it is important that you know your rights as a consumer when dealing with collectors.

It is true that debt collectors have the right to demand payment and take legal action if necessary. But third party debt collectors cannot call you up repeatedly. However, they can contact your friends, coworkers or neighbors only to inquire about your whereabouts. Obscene language or threats of violence are absolutely forbidden and a collector is not allowed to threaten you with false statements.

A collector is also not allowed to call at your workplace without your approval. If the debt is being collected by a collection agency or other third party, you can send a letter using registered mail to the credit collection agency asking them to stop calling you. By law, they must comply.

The fastest, safe and easiest way to get rid off debts is to go for a debt consolidation package. With debt consolidation your debt amounts are reduced to a great extent. And for the remaining amount an easy monthly installment plan is allotted. The debt consolidation counselor also guides you on restoring your former financial position. All you have to do is register with us and avail our free debt services.

I received a several calls from a law firm for Cit...
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I received a several calls from a law firm for Citibank. I have not yet answered these calls as I'm scared to death of them. Is it possible to call Citibank and have to reinstate my account so that I may negotiate with them instead of the attorneys?




to be honest dealing with the law office may be better than Citibank itself. treat it as a regular collection call, keep notes on everything said, if they threaten you with any legal action over the telephone by law they must follow up on it or you can sue them in small claims court for 1k. try it and have fun while doing it.

Dealing with lawyers is not hard, it is the same as dealing with a collection agency, try to work a deal that best suits your current financial situation, remember any agreements must be put in writing, before signing any paperwork from the law office have a lawyer take a look at it for you and do not make any payments unless your council approves the terms.

Sub: #1 posted on Sat, 10/11/2008 - 09:29

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There's no law that says you can't deal direct with the creditor, but the creditor isn't required to deal with you if they have their attorneys involved. Most bigger companies won't. They'll just direct you to call the attorney so that they don't end up with the left hand not knowing what the right hand is doing.

Sub: #2 posted on Sat, 10/11/2008 - 09:34

FreakyFriday FreakyFriday

(Posts: 490 | Credits: 0.82)

Thank you for your responses

Sub: #3 posted on Sat, 10/11/2008 - 09:48

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Like FreakyFriday said - usually once it is sent to an attorney, the OC will refuse to work with you directly and instead refer you to their attorney.

This is mainly just due to their contingent fee arrangements with the attorneys -- once the attorney has the file, they usually get 33% of any payments received, regardless if you pay the OC directly or the attorney. To the OC, if they have to pay the attorney regardless, they figure "may as well let the attorney work a little for it".

Sub: #4 posted on Sat, 10/11/2008 - 18:38

DebtCruncher DebtCruncher
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