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What to do when you are hounded by debt collectors in Washington

Washington consumers who have been in financial trouble know the feeling that comes along with being hounded for credit card payments. Debt collectors can be a pain, but ignoring communication from your lenders can make your financial problems even worse. Experts say that instead of running from your debt problems, you can take charge of the situation and have more influence over your financial situation.

Consumers are encouraged to educate themselves about their legal rights under the Fair Debt Collection Practices Act. That legislation outlines illegal debt collection practices. Those who are facing accounts that are in collection should also take swift action to communicate with their lenders about debt-related lawsuits. Failing to communicate with a lender may make your future experience with the company far less friendly, according to many industry pros.

In addition to communicating openly about your debt, record-keeping is one of the most critical activities for borrowers facing wage garnishment and other actions. Make sure that you ask for written copies of all financial decisions, and record the conversations that you have with your lenders. Request that documents be sent through certified mail so that creditors cannot claim that the document was lost by the post office.

Those facing financial difficulty are also urged to develop a relationship with a consumer attorney. Consumer lawyers may be able to help those who are facing unfair debt-related lawsuits. These professionals know about creditors' rights, which means they are more qualified to fight against actions such as wage garnishment than the everyday borrower. Having a Washington consumer attorney on your side may lead to beneficial outcomes, improving the chances of having a debt-related lawsuit dismissed altogether.

Source: Fox Business, "10 Tips for Dealing with Debt Collectors, Collection" Fred O. Williams, Apr. 03, 2014

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