Tuesday, September 27, 2011

International Debt Collection Calling? Make Sure You Pick Up

International Debt Collection Calling? Make Sure You Pick Up
by Lynette Pettinicchi

With the not so booming economy, international debt collectors have to find new ways to get people to pay what they owe. Consumers might not be shopping and spending as much cash anymore, but they are not paying off what they spent in the past. International debt collection is on the rise but consumers are turning the other cheek when being contacted.

International debt collectors commonly have offices in various different countries with markets expanding. There is no escaping them. Each collection agency has their own strategies of making consumers pay their debt, but are very similar. No one wants to hassle someone for money just as much as the consumer wants to hear it. International debt collection agencies make sure they communicate in the debtors' language to there is no misunderstandings. So when you get that first demand letter in the mail? Respond to it, because it just gets worse from there. If you have ever seen the movie "Confessions of a Shopaholic" you'd know.

The first mistake a debtor makes is thinking that just because someone is calling internationally they will never have to pay. Wrong. A debt collector, regardless of where they are located, has all the information of what you owe, where you live, your phone number, and even a credit report. Usually after the first letter goes unanswered, the international debt collection agency will call you. And ignoring that call will not make them go away. A collector may call a debtor every week or even every day. If those calls go unanswered and no money is coming in that's when international debt collectors become irritated.

An upset debt collector is not a person you want to deal with. Think of it as having a younger sibling when you were a child and you didn't give them the toy they wanted right then and there. Not exactly the time of your life. The next step is to get a visit. An international debt collection agency will send someone to visit you to find out why there has been no response or money coming in. At that point, there are two choices. To begin a payment plan with the agency or they will refer you to legal services.

International debt collection is going to be on the rise until the job market opens back up and the economy is not in a downfall. If you're one of those people who owe money, don't ignore the debt collector. Because remember, it starts out with a letter and ends in court.

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