Under informed or overwhelmed consumers may receive a letter that appears to be perfectly legal and official from what appears to be a reputable firm, only to later find out that the collection attempt was a scam. Knowing what to look for in a debt collection letter and how to verify the credibility of an agency goes a long way when it comes to avoiding being scammed.
People who receive these collection letters are often unsure about whether or not these letters are authentic. Here are some things a person can look for to determine whether or not the letter is an official notification
- An official website link listed
- Agency address information should be provided
- An official recording should be left at the number provided
When in doubt, it’s always better to do some legwork and research the debt. Many Americans pay off debts solicited by unscrupulous entities that present themselves as official debt collectors. You can verify whether or not the debt is from an official collector by researching the number provided using search engines.
The Attorney General’s office is another tool to verify the credibility of the debt collection agency; licensing information on each company is also tracked on this website. This resource will provide information on scams, complaints and feedback from others who have interacted with the company. Sending a letter to the agency to request confirmation on the debt is another step a person can take. The agency has thirty days to respond to a request to verify the debt owed to the agency.
Before an account goes into collection, the person should look into online debt consolidation as an option to stop collection calls. The online debt consolidation program counselors work with consumers to help them become debt-free. The counselors leverage their relationships with creditors to work with the consumers to help them verify, structure and resolve their debts. When an experienced debt counselor works with the creditor on the consumer’s behalf, the person is better able to organize their personal finances before the person gets too behind on their debts.Read More