You come home from work and there is a recorded message on your phone from a bill collector. Youre one of the lucky people who have a stable financial life and you know you are not behind on any credit card bills or loans. So why is a debt collection agency leaving messages on your phone?

Neglecting to follow up with written notification. According to the FDCPA, a Debt Collection Agency Scotland must, within five days of first contacting you, send you a written notification outlining the amount you owe, to whom you owe the debt, and your right to dispute the debt. Unsavory debt collectors will neglect to send this notification, or put information about your right to verify the debt in fine print. This tactic is designed to run out the clock. You only have 30 days to dispute or request verification of the debt. If you don’t do this, they can legally assume you agree that you owe the money.

They had quite a story. They said if he didn’t settle the debt, it would be transferred to the original creditor who would file a lawsuit. And that my friend would be subject to further interest and penalties and attorney’s fees and that they could garnish his wages. Scary.

That being said if you’d like to repay the debt or legal action is taken against you, your best best is to find a great debt consolidation and negotiation company that can help you to negotiate a great deal on your debt so you pay much less. I’ll tell you more about that when you go to my website.

In some cases, outsourcing your debt collection duties means eliminating problems before they start. That’s because some collection agencies will actually handle your accounts receivable duties for you.

You lose a great excuse to talk to your clients. We need to use every chance we get to impress our clients. A polite email about an unpaid invoice shows your client that you appreciate their business. Our one advantage is being able to provide the personal touch. Giving this up without getting something really great in return seems like a poor deal.

Remember that knowing your rights can help you avoid annoying debt collectors. Even though you may owe them money they do not have the right to do whatever they want. They can contact you and only you to try to collect on the debt you owe them. They cannot however tell you that you will spend time in jail if you do not pay them.