Receiving a call or other notice of a collection attempt from a debt collector can be a difficult experience. As a result, some people may be tempted to give a debt collector whatever information they want so they can be done with them.
If you’re going through this type of situation, ensure you’re thinking clearly so you can make informed decisions. Before giving out any personal information, you’ll want to take a few specific steps.
Confirm the debt is legitimate
The first thing you should do is make sure that you’re being contacted about a legitimate debt. All debt collectors must give you specific details, such as the name of the original creditor. They also have to give you the amount they claim you owe. Other information to verify the debt may also be offered. Have them provide this in writing so you can ensure the debt is real and can verify that the debt collector should be collecting it.
Know your rights under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) grants you specific rights and protections when dealing with creditors. It’s important to know that you’re not required to share certain information, such as your Social Security number, unless you’re certain of the debt’s legitimacy. Being protective over this information can help to ensure that your personal information isn’t going to be used improperly.
Avoid sharing sensitive financial information
Be very cautious about sharing sensitive financial details like bank account numbers, credit card information, or your Social Security number. Even if the debt is legitimate, this information should only be shared once you’re confident in the debt collector’s identity and their need for this information.
Request all communication in writing
Demand that all communication occurs in writing. This gives you a record of what’s been discussed and prevents the possibility of miscommunication. Written communication can also be useful if you need to dispute the debt or if there are any legal issues down the line.
Unscrupulous debt collectors may violate your rights and harass you. In these cases, it’s best to know your rights so you can uphold them. Working with a legal representative who can assist with this may be beneficial and help to minimize your stress.
