Collectors demanding other people’s debts, what should I do?
You probably should have used the credit system at least once in your life. But not everyone who took the loan was able to repay it on time. In such a case, the collection companies come into play in order to obtain debt from, particularly negligent payers. Communicating with these gentlemen brings a lot of annoying minutes.
It is particularly annoying when collectors are charged with other people’s debts. It is fair to say that this rarely happens, but this communication will not become more desirable. Why it happens and what to do – we talk below.
Who are the collectors and why they are calling
So unusual for us the word “collector” in direct translation means “collector”, but he should not collect stamps or a collection of butterflies, but money from careless payers.
Collectors can be individuals or entire organizations – collection companies. Sometimes these “collectors” are also full-time bank security officers. Their main duty is to force the debtor to repay his financial obligations in any way (legally). Sometimes there are failures in the elaborated scheme that can translate into unpleasant consequences.
Other people’s debt collectors ring for various reasons, but most often this is by mistake, which can sometimes be very difficult to fix. Collectors have long been used to working in non-standard situations and often simply do not respond to your persuasion and explanation, because people who do not want to pay a loan also often say that they have nothing to do with it.
Did you act as a guarantor?
If collectors on strangers constantly call you food, remember if you are not the guarantor for the loan of your friend, relative or colleague. It was? Then, calling the “collectors” to the address itself, the lender probably created a considerable debt and the bank decided to collect money from the guarantor, ie from you.
The first thing you need to do is contact the person applying for the loan and try to find out if the payment delay has actually been created and how soon it will repay. It may be worthwhile to work together to find a solution to the problem – agree with the bank to refinance the loan or try to refinance with another organization (of course, in this case, you should not act like a second time).
If it turns out that the borrower is not really the debt actually goes to you. And you have to pay. The best thing you can do is contact the bank and work together to find a solution to the problem. After you have settled accounts with a credit institution, you have the right to recover from the relative whose friend you were the guarantor the entire amount of the debt in court.
They are to blame
Quite often there is a situation where one of your relatives took it, but you didn’t even know about it. Since the collector is responsible for receiving money from the debtor by any legal means, in the event of a delay, they will start harassing the calls of all their relatives and friends whose phones they can find.
It should be noted that since you were not the guarantor of the loan, you can only have a relationship with the repayment of the debt in two cases:
- in the event of the debtor’s death, if you are the heir to the lender and have already accepted the inheritance;
- if you are the spouse of the debtor, but in this case, you may be forced to pay the debt only by court order.
So if collectors call someone else’s debt created by your brother/sister, parents, uncle, aunt, and other relatives, I boldly declare that you have nothing to do with the debt and you don’t have to pay it.
Responsible for the neighbor
Quite often collectors try to get the desired result, start acting in all directions. Many of them, who have not achieved anything directly from the debtor or his relatives, are beginning to name all the debtor’s neighbors, colleagues, and friends, hoping that such an “attack on all fronts” will soon produce a result.
In case collectors call you about other people’s debts with whom you have absolutely nothing to do, explain politely and firmly that you owe absolutely nothing to the “collectors” themselves or their clients. And ask him not to call again. If this does not help, be sure to contact the law enforcement authorities.
I do not know him
However, sometimes it happens that collectors say you foreign debt as foreign. This happens for a variety of reasons – for example, your phone number previously belonged to the person who actually provided the loan, or you moved to an apartment whose former owner borrowed, giving your old address. Sometimes there are common misspellings in surnames, phone numbers, and other dates.
Unfortunately, in this case, it is hardly possible to get rid of collectors with a simple explanation – further efforts will be needed. First, find out the details of the person you receive, then ask your bank to represent the caller. In the letter, indicate that your contact information is mistakenly assigned to a foreigner and ask to make changes to the database.
Wait for the answer. It is best if you take a certificate from this bank that you do not have credit debt. Copy all these documents and send them by registered mail to the collection company. If persecution does not stop after all the above manipulations, write a statement to the prosecutor and the police.
If collectors call their relatives
Of course, it is very annoying to get into a situation where collectors demand other people’s debts. Especially if these debts are really yours and callers are afraid of, for example, older parents.
First, you have to explain to your relatives that you have a debt that you are about to repay in the near future and ask them not to be nervous. Next, you need to ask your loved ones to remember what and what cannot be told to collectors and how best to build a conversation.
In order to prevent further problems, you should under no circumstances disclose any personal information about yourself or a relative of the debtor. Your relatives are not obliged to inform the collector of all the information: the new surname, address, telephone number, and other details are your personal business.
It is best to repeat patiently that they have no direct contact with you, do not communicate at all, and have no idea where to find you. If your family follows these tactics, sooner or later collectors are lagging behind.
Letters of happiness
In addition to collectors who call for someone else’s debt, they sometimes also deal with “targeted delivery”. One morning you can find a letter in your mailbox stating how much and which bank you owe, as well as a message that the debt has been transferred to the collection company.
Over time, letters may appear more often and the number may increase constantly. The solution to this type of debt collector activity is very simple – do not respond to it. Most often, such “masterpieces” are simply printed on an office printer and do not indicate any seals and signatures, which means that it is only a piece of paper that has no legal force.