Debt Collection Guide

Aig Debt Collection Section


 


Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Debt-Collection
Email:
First Name:



Main Aig Debt Collection sponsors


 

Latest Aig Debt Collection Link Added

INSERT YOUR OWN BANNER HERE

Submit your link on Aig Debt Collection!



Welcome to Debt Collection Guide

 

Aig Debt Collection Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

Understanding Debt Collection

from:

The words ‘debt collection’ bring a lot of panic and anxiety to individuals who are in debt. It may be your student loans, your mortgage on your house or your car payments. No matter what the debt may be, debt collection is something that every debtor has to face. After all, your creditors and lenders need to get their money back.

So when you answer your door bell and you come face to face with the representative of a debt collection agency, don’t panic. Remember that debt collection is an activity that is regulated by the law. The law ensures that debt collection is just an act to pursue you to make payments; it will not impede on your rights. The Fair Debt Collection Practices Act of 1977 details the rights that you have when it comes to debt collection.

First of all, you may be wondering why a representative of a debt collection agency is at your door. If you owe a certain amount of debt to a company, you usually pay the debt according to the contract that you signed. However, if you miss payments or you refuse to stick to the payment plan, the company may turn the debt over to a collection agency. This can also happen if you continually ignore notices from your lender. To put it simply, debt collection happens when your creditor or lender feels that pursuing you for payments is already taking up too much of their resources.

Of course, the debt collector cannot simply pop up on your doorstep, demanding that you pay your debt. Typically, debt collection starts when a collector contacts you and notifies you of the status of your debt. The initial contact can happen through a lot of ways. It can be done through a letter, a fax, an email, or a typical phone call. In some cases, the debt collection process can start with a home visit from the collector. However, do not panic. The first visit is usually for the purpose of gathering information only. The debt collector simply wants you to know that he will be handling your payments.

Debt collection is a very transparent process. You will be given all the information you need. For instance, within five days of initial contact, the collector will send you a written document that will provide the necessary details regarding your debt. It will include the name of the creditor or the business from which you borrowed the money. Also included is the specific amount that you have yet to pay.

However, it is important to note that debt collection activities are not always 100% accurate. Sometimes, businesses fail to update your payment records and they may assume that you have missed some payments. If you believe that you have sufficiently settled your debt, you can just write a letter to the collector to explain yourself. You must show proof that you have settled the account, and until the collector can dispute your claim, all debt collection activities will stop.




Other Aig Debt Collection related Articles

Debt Collection Letter
Debt Collection Agencies
Debt Collection
Credit Card Debt Collection
Fair Debt Collection Act

Do you want to contribute to our site : submit your articles HERE



Warning: file() [function.file]: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home4/marcilio/public_html/debt/collection/datas/searchfeed.php on line 8

Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=J3730476078&pID=marcilio&cat=aig+debt+collection&nl=5&page=1&excID=) [function.file]: failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home4/marcilio/public_html/debt/collection/datas/searchfeed.php on line 8

Aig Debt Collection Specific links

Aig Debt Collection News

Wonkbook: Max Ehrenfreund is your next Wonkbooker - Washington Post (blog)


Wonkbook: Max Ehrenfreund is your next Wonkbooker
Washington Post (blog)
Given that affluent households spend a smaller share of their incomes and wealth, greater inequality translates into lower overall consumption, thereby hindering the recovery of economies already burdened by inadequate aggregate demand. Today's high ...

and more »

Read more...


Morning Scan: Geithner Takes the Stand in AIG Case - American Banker (subscription)


Morning Scan: Geithner Takes the Stand in AIG Case
American Banker (subscription)
JPMorgan Chase, Bank of America, Morgan Stanley and other banks agreed to not sell the debt they will acquire from Puerto Rico's upcoming $1.2 billion sale of short-term notes. The banks ... Its archivists' duties, in part, is to manage B of A's art ...

and more »

Read more...


I took the 'Financial Crisis Tour' in downtown Manhattan. This is what happened. - The Week Magazine


The Week Magazine

I took the 'Financial Crisis Tour' in downtown Manhattan. This is what happened.
The Week Magazine
It is here that Wexler began talking about the recent subprime mortgage crisis — the result of collateralized debt obligations, credit default swaps, a fudged ratings system, and a collection of institutions gone astray. Deutsche Bank is a special ...

Read more...


Diamond Hill Investment Group's (DHIL) CEO Ric Dillon Hosts Q3 2014 Portfolio ... - Seeking Alpha (registration)


Diamond Hill Investment Group's (DHIL) CEO Ric Dillon Hosts Q3 2014 Portfolio ...
Seeking Alpha (registration)
Management then executed an aggressive M&A strategy which really intensified since 2006, adding about $2.5 billion in sales and settling the company with $2.5 billion in debt and $2.5 billion in incremental goodwill. This is an aggressive M&A strategy ...

Read more...


Starting Next Monday, Gross Trades Against Gross. Should Be Fun for Pimco - Bloomberg


Bloomberg

Starting Next Monday, Gross Trades Against Gross. Should Be Fun for Pimco
Bloomberg
Imagine Bill Belichick gets hired away by the New England Patriots' opponents at halftime and returns for the third quarter on the other side of the field with every possible wrinkle in his former team's playbook, and you get a rough sense of what it's ...

and more »

Read more...