The word debt collectors strikes fear into the heart of many, but that is becasue they are greatly misunderstood. When people hear this phrase they concur up ridiculous images of mobsters, rather than a well run business which is seeking to help anyone who is in debt. Sadly the majority of people who are in mismanaged debt, will bury their heads in the sand when they are contacted by a debt collection agency like Brennan & Clark LLC, becasue they foolishly think that this will help them, it won’t. The best thing that people can do is to get in touch with and work with the debt collection agency, and here are the benefits of doing so.
What people fail to realize is that when they are contacted by a lender or a debt collection agency and they don’t answer, they are just going to keep on going until you do. This is for a number of reasons, the first is so that they can prove to the courts that they have tried to get in touch with you, should things get that far. The second reason why they do this is becasue they do genuinely want to get in touch with you to discuss what you owe. And finally there is an added bonus that the more times they send letters and make calls, they know that this is putting the debtor under pressure. You may think that you can throw letters away or screen calls, but the truth is that it eats away at your subconscious. Working with a debt collection agency will ease your mind and help you to relax.
Debt collection agencies buy your debt for a significantly lower amount than you have borrowed. They do this because they can, banks are happy to have a debt off their hands at a small loss, and it then gives the debt collection agency some scope when they are working with you. This means that they can put a stop to interest and they can offer you a chance to pay off the debt for a largely reduced figure. In some cases they may even offer you a 50% discount on your debt if you have a lump sum.
Debt collection agencies just want their money back and in order to get it they will most certainly help you to negotiate a deal which suits everyone. They are not going to put pressure on you to pay money that you do not have and they have a legal responsibility to make sure that whatever you have to pay to them is what you can actually and realistically afford. This could be the best thing that you have ever done and it will ensure that you can slowly chip away at the debt, without having to look over your shoulder for the next phone call or letter.
If a debt collection company tries to contact you, do the right thing, answer them and be honest, they will help you.