Send a certified letter stating that you wish to be contacted only by mail . This ends the phone "gang-bang" immediately.
Focus on your car and house first. Unsecured credit card debt from five years ago can wait. Gang-Banged by Debt Collectors -1- %5BUPDATED%5D
Debt is a civil matter, not a criminal one. Threatening jail time is a massive FDCPA violation. 4. The "Divide and Conquer" Strategy Don't try to fight five fires at once. Send a certified letter stating that you wish
When your information hits the "bad debt" market, it rarely stays with one person. Your accounts are often sold and resold, leading to a barrage of phone calls, letters, and threats from different agencies simultaneously. It feels like an organized attack, but with the right strategy, you can dismantle their efforts. 1. Identify the "Pack" Unsecured credit card debt from five years ago can wait
Offer 20–30% of the balance as a lump-sum settlement.
Use AnnualCreditReport.com to see which agencies have reported collections. If multiple agencies are reporting the same debt, that is a reporting violation you can dispute. 2. Stop the Harassment (The "Cease and Desist")
Gang-Banged by Debt Collectors: How to Survive a Multi-Creditor Assault [UPDATED]