Debts are a burden to everyone however if you owe a debt, it is obvious you will have creditors calling you regularly. They have a right to get back their money and so you should answer the call. There is no point escaping from a creditor call as you must talk with them and come to settlement. Once a settlement is reached with the creditor, your collection calls will stop completely.
Brennan and Clark- steps on how to reach a settlement or an agreement
Brennan and Clark is an esteemed name in the field of debt collection in the USA. The experts here are skilled in debt recovery and known for their excellent negotiation skills. The experts here say that entering into an agreement with your creditor will stop your calls. This is an agreement that will help you reduce debts and stop collection calls.
Tips for your creditor agreement
When you are making a creditor agreement, you should first verify the debts you owe is yours. There are many cases where wrong calls have been made to innocent people. They are mostly from fraudulent companies in the market. They often threaten people with legal consequences when it comes to collecting debts. Most people are unaware of the fact that non-payment of debts is not a criminal law offence, you can be sued under civil law however if the offence is not fraud or embezzlement, no one can charge non-payment of debts as a criminal offence. Experts say you must be aware of such laws and in case any collection agency threatens you with criminal action, immediately consult a lawyer in the field. No collection company can use threatening tactics to recover debts. They will invite you for negotiation and it is here you should agree to talk with your creditor for an agreement. Make sure you do not become a victim of a rip-off.
The traits of a good agreement for reducing debts
Once you have verified the total amount of the debts, the next step is to make a list of them. Choose the small ones and pay them off first. This will help you reduce the total amount of debt that you have due. Moreover, when you are paying off your debts under an agreement, you cannot afford to default. So, ask the creditor to give you a longer tenure for repayment of your loan. In this way, you can eliminate all your debts in small payments every month. These payments should be within your budget so that you do not find it hard to make ends meet. So make your calculations in advance before you agree to the terms and conditions of the agreement.
The experts here at Brennan and Clark state it is your duty to repay debts. So, be proactive and start negotiating with your creditors with the help of a skilled collection agency. In this way, you effectively can improve your credit score and say goodbye to the never-ending woes of debts forever!