Despite the alarming levels of consumer debt, consumers are still mesmerized and drawn-in by unsecured credit avenues such as credit cards, loans, and store cards, among others. There is an increasing amount of lenders that are ready to extend the desired finance to consumers in all places and Arizona is no exception. This is a perfectly normal relationship that presents a win-win situation for both parties and the problem only arises when there is a failure or delay in payment. Consumer Debt Collection services in Arizona are there to assist the lenders recoup their dues from the affected consumers.
Why Consumer Debt Collection Services?
There are a lot of reasons why approaching a debt collection agency makes sense whenever you want to recoup your dues from consumers. The other option that you can use is cumbersome, expensive and also exposes you to a lot of risk which has nothing to do with your core business. This involves pursuing your debt using an in-house team. Most businesses are contracting out this function as the option gives you value. Consumer debt collection agencies are registered, insured/bonded and are familiar with the ins and outs of debt collection.
How to React When Contacted By a Debt Collector
Most people are afraid of debt collectors and will do everything they can to avoid confronting issues pertaining to their debts. Some totally opt out of unsecured credit options in the fear of attracting the wrath of debt creditors. Much of this is due to a misconception about the function and conduct of debt collectors. There are always some few miscreants in every profession and collection of debt is by no means an exception.
When you are in debt, it is important to confront the issue and ensure that it is settled. Evading the debt collector will only cause you unnecessary stress and delay the inevitable. In confronting these issues, you must be fully aware of your rights and protections in law. The most important thing is to know when a debt collector is harassing you because that is what most people are scared when they see it happen to others.
Some of the examples of harassment include:
- Use of obscene language or profanities
- Repeated calls clearly meant to abuse, annoy, and/or harass you or any of the people with access to your phone
- Threats of violence
- Calling you without disclosing their identities
- Publishing your name on a defaulters list
- Calling you after 9 at night
It is also the duty of the creditor to ensure that they find a reliable debt collector that employs ethical practices all the time.