Should I ignore a debt collector's calls and letters?
Updated: Feb 18
"Some debts are fun when you are acquiring them, but none are fun when you set about retiring them."
I’m behind on a lot of my bills and debt collectors are starting to call me. I’m also receiving collection letters in the mail. I don’t have enough money saved up to pay off the debts. Should I ignore the collection calls and letters?
If debt collectors are hounding you and you don’t have money available to pay off your debts, you may be tempted to simply ignore the collectors and hope they go away. However, putting your head in the sand usually isn’t the best strategy for dealing with debt. In fact, there are a lot more “cons” than “pros” when it comes to ignoring a debt collector’s calls and letters.
Upside to Ignoring the Collector's Calls and Letters
There’s really only one upside to ignoring the collection attempts -- the collector may give up and stop trying to get money from you. However, what are the chances of this actually happening? Not good.
The collection agency typically gets a cut from the creditor based on how much it collects. This means that the collectors are very motivated to keep hounding you for payment.
Ignoring debt collectors probably won’t make them stop calling or writing to you. Again, debt collectors only make money when you pay up. This means they’re likely to keep trying to get in touch with you even if you ignore them.
You’ll hurt your credit. If you ignore a debt collector and don't deal with the underlying debt, the creditor will continue to report the delinquency to the credit bureaus, which will hurt your credit.
You won’t find out if the debt is legitimate. If you receive a collection call or letter, at minimum, you should find out what debt you purportedly owe and, if you don't recognize the debt (or aren't sure the amount is correct), write to the collection agency immediately and dispute the debt.
Under the FDCPA you have the right to request validation of the debt.
Your debt will probably get bigger. If you ignore the debt, interest and collection costs will probably be added to your debt. This means that your debt will continue to grow. You’re missing an opportunity to settle the debt.
You might get sued. The debt collector may file a lawsuit against you if you ignore the calls and letters. If you then ignore the lawsuit, this could lead to judgment and the collection agency may be able to garnish your wages or go after the funds in your bank account.
In the end, it’s almost always better to focus on settling the debt or disputing its validity (depending on your situation) rather than ignoring the debt collector's calls and letters.
If you’re not able to reach an agreement with the debt collector (or the debt collector tries to collect a debt you don’t owe), you should consider contacting an attorney who can provide you with legal advice about your particular situation.
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Miss Lee at +6016 700 2629 or email to firstname.lastname@example.org"