Credit cards are considered as a necessity when it comes to the daily life of an individual. Using the plastic money is nothing but a matter of convenience. But credit cards also mean the burden of repayment that might get out of hand due to unavoidable circumstances. Once a huge debt is built up, you might fall into the trap of the debt collectors. Falling behind in payments is sure to attract harassment calls from the debt collectors.
The debt collectors are the third party debt collection agents that are hired by the money lending organizations to retrieve the debt amount from the credit card holder. These debt collection agents try to collect the payments by hook or by crook. These third party debt collectors are governed under the FDCPA that is enforced by the FTC to ensure fair process of debt collection.
Some of the traps the debt collectors use to trap you are:
Call your closed ones for detailed information about you and in the process also harass you. They make calls to your office and inform your colleagues and managers about the debt you have. They also make calls to you repeatedly and harass you in public to retrieve the money that you owe to the creditors etc. Most of the time, they play with your emotions about your family and office to trap you. Calling your office folks and neighbours to inform them about your debt is a form of intrusion to your privacy.
The debt collection agents also pose as good Samaritans and coax you with nice words sometimes so that you get smitten by them and commit for payments in the process. To avoid the traps of such debt collection agents, it is best to be aware of all the tactics that they use to retrieve the money.