Late Fees and Overcharging Reduces Them

Debt is a subject that nobody likes. Once you're out of debt, you make a commitment to myself not to return to that place. One morning, you sit at home and the phone rings. Lo and behold, it is the other end of the phone indicating that you have an old collection account balance of a creditor. The attitude that comes through the other end of the phone is one of the harshest. "Why did not you pay the bill?" No compassion approach for any situation you may have over you is not paying the bill.

Are you just left speechless by phone call? First, listen to everything people have to say no attitude. When they finish, you will begin to answer that the document should have been paid and documents. It is important to request they send you a written correspondence in order to complete the research.

After these items arrive in the mail, what do you do?

1) If you are absolutely sure that you pay bills, receive the information from your visit. Letter that the State had been paid in full.

2) Write a letter to the collection agency stating the facts and send a copy of the evidence. Send by registered mail.

3) Send a copy to the State Attorney General's Office and the FTC.

4) This question should be closed and you do not have to pay anything.

However, if you can not find any of your documents for a consistent, then you may be in that situation. Depending on how old he was, there might not be any way to get all the documentation. You can access the position of having to pay. This will more than likely:

1) The company has estimated the interest bill to attract greater numbers.

2) Start trying to resolve the account with the company for a lower amount of the process. Negotiate in writing.

3) Pay It Off, when you have reached an agreement. Make sure you keep a copy of this time that this issue has been resolved. I also recommend that you keep a copy of the settlement check. I have used money orders prior to that I have received. I will add it to your copy.

If you have debt and bills that must be resolved and / or paid off, the organization is very important. Collection agencies will try to get back and recover the money that has already been paid, dismissed the bankruptcy or the end of the limitation. Do not fall into trap overpaying, late payment fees because you did not maintain adequate documentation. I recommend having a physical file that you keep for at least ten years.

We have a file that contains each of the car was paid off and used to get another car, and copies of all credit reports for the last 10 years. It was a good thing for us, because I did not even face a credit report or two, that the account has been settled in full, the collection agency tried to collect the lodging bill.

Organization and re-entries is important your financial future. Keeping the documentation for each account you will solve the potential to stop the different agencies to try to collect the second time in the future. However, if you do not keep the documents you may need to pay these charges and late fees for the second time.