subject: Beware Of Collection Agencies That Promise Debt Relief [print this page] In these trying times, people can easily find themselves in a position wherein they have used up all their credit card balance for their monthly expenses. The looming financial crisis has made it difficult for them to settle their credit card bills. Placing yourself in debt or any default in payments can subject you to being called by the collection agency. As their name implies, collection agencies are designed to constantly remind you of your unpaid balance. Their income is based on commissions which is a certain percentage of the amount they collect from you. Bear in mind that they will not be after your best interest. But be informed that you can exercise your rights against collection agencies that promise debt relief. First things first, to relieve yourself from credit card debts, you need to make sure that your credit report is the right one. If you are in doubt of the information in your credit report, have it checked by the three credit bureaus. Bear in mind that collection agencies will not help you correct any errors because as far as they are concerned, the higher is your debt, the more money they will get from you. Collection agencies will do everything to collect your money. They will call you on the phone, send you collection letters, and make threats that they will have you arrested if the unpaid balance is not settled right away. They will do anything that is illegal in order to get you to pay the balance. If they want to truly free you from debts, they should instead help you find ways to pay your balance. The best way to confront these collection agencies is to exercise your rights and not let them push you around. Conduct some research and be aware of their background and integrity.
Beware Of Collection Agencies That Promise Debt Relief
