Most likely, you had used credit system services at least once in your life. But not everyone who took out a loan was able to repay it on time. In this case, debt collection agencies come into play to incur debt from, particularly negligent payers.
Communication with these gentlemen takes many uncomfortable minutes. It is particularly annoying when collectors are accused of other people’s debts. In fairness, it should be noted that this is rare, but does not make this communication more desirable. Why this happens and what to do with it – we’ll talk below.
Who are the collectors and why are they calling?
So unusual for us is the word “collector” direct translation means “collector”, but it shouldn’t collect stamps or a collection of butterflies, but money from negligent payers. Collectors can be individuals or entire organizations – collectors. Sometimes these “collectors” are also full-time bank security guards.
Its main task is to force the debtor to repay his financial obligations in some (legal) way. Sometimes errors occur in the developed scheme, which can lead to unpleasant consequences.
Collectors who have other people’s debts ring for other reasons, but mostly this happens by mistake, which can sometimes be very difficult to fix. Gatherers have long been used to working in unusual situations and often do not respond to your persuasion and explanations, as people who do not want to borrow often state that they have nothing to do with it.
Did you act as a surety?
When collectors call strangers to debt all the time, remember if you have no guarantee for the loan of your friend, relative or colleague. Was it then the calls from the “collectors” to the address, probably the person who took out the loan, was a substantial debt, and the bank decided to collect money from the guarantor, that is, from you.
The first thing to do is contact the person who issued the loan and try to find out whether the late payment has actually occurred and how quickly it will pay it back.
It may be worthwhile to work together to find solutions to the problem – to coordinate with the bank about refinancing the loan or to refinance with another organization (in which case you should of course not act as a surety for the second time).
If it turns out that the debtor is really not able to meet obligations, the debt actually goes to you. And you have to pay for it. It is best to contact the bank to find a solution to the problem together. After you have settled your accounts with a credit institution, you have the right to reclaim the entire amount of the legal claim from the relative (acquaintance) whose loan you guarantee.
Relatives are to blame
Very often a situation arises when a loan is granted by one of your relatives, but you didn’t even know about it. Since it is the responsibility of the collector to receive legal money from the borrower in the event of a delay, they begin to get annoyed by calls from all of their relatives and friends whose phones they can find.
It is important to know that since you were not a guarantor of a loan, you can only have a relationship with the repayment of a debt in two cases:
- in the event of the borrower’s death, if you are the heir to the person who took out the loan and who has already accepted the inheritance;
- In this case, however, if you are the debtor’s wife (husband), you may be forced to settle the debt only by court order.
So when collectors call someone else’s debt, that was made up of your brother/sister, your parents, your uncle, your aunt and all other relatives. Boldly declare that you have no debts and are not required to pay.
Responsible for a neighbor
Quite often try to reach collectors, starting to work in all directions to get the desired result. Many of them, who have not achieved anything directly from the debtor or his relatives, name all of the borrower’s neighbors, colleagues, and friends in the hope that such an “attack on all fronts” will bring an early result.
If collectors call you about other people’s debts that you have absolutely nothing to do with, politely and firmly state that you owe absolutely no money to the “collectors” or their customers. And please don’t call again. If this does not help, please contact law enforcement agencies with determination.
When collectors call your relatives
Of course, getting into a situation where collectors claim other people’s debts is very uncomfortable. Especially if you actually owe these debts and the callers are worried, for example, by parents of advanced age.
First of all, you have to explain to your relatives that you have there is really a debt that you will pay off in the near future and that will ask you not to be nervous. Next, ask your loved ones to remember what can and cannot be said to the collectors, and how best to set up a conversation. To avoid additional problems, you should never disclose personal information about yourself or a relative of the debtor.
Your relatives are not obliged to inform the collector of any information: a new last name, a new address, a new telephone number, and other data are your personal matters. It is best to repeat patiently that they have no direct contact with you, do not communicate at all and have absolutely no idea where to find you. If your family starts sticking to this tactic, collectors will be left behind sooner or later.