If you’ve ever had to deal with debt collection agencies, then you know how frustrating and difficult they can be. They call every day and hound you for money. They make threats, and they don’t care about anything but your bank account balance.

We can’t speak for everyone, but it seems like if you owe them money, they have the right to do whatever they want. Well, that’s not true at all! Debt collectors are obligated by law to follow certain rules when it comes to collecting debt from you.

The Truth About Debt Collection

Despite what many people think, debt collectors have to follow certain rules to collect a debt from you. You’re probably wondering why debt collectors would care about following rules if they know that you’ll eventually pay them anyways.

The truth is, the way they do business is incredibly important because it can affect their reputation and future business deals. Debt collectors are well aware of this—it’s where their livelihood comes from after all!

Unwritten Rules Of Debt Collection

Debt collectors are obligated to follow certain inkassoregler (debt collection rules) when it comes to collecting your debt.

Not Allowing You to Pay In Installments:

Debt collectors cannot force you to pay the entire debt all at once, even if you can afford it. They must allow you to pay in installments. If you can pay the full amount, then they can ask for that amount upfront.

Threatening Violence or Legal Action:

Debt collectors are not allowed to threaten violence or legal action as a way of getting you to pay any money that is owed.

Calling Your Friends and Family:

If a debt collector calls your friends or family members looking for information on where to find you, they are breaking this rule. It’s illegal for them to contact anyone other than those listed on your phone contact list without your permission.

Conclusion

Debt collection is a tricky business. You have to work within the confines of the law, but also have to be aggressive enough to get your money. It’s not always easy to know what the right thing to do is, and it’s best to be prepared in advance.

The first thing to know is that when you owe money, you owe money – it’s not just a matter of opinion. The second is that debt collectors are allowed to do a lot of what they do, but they are not allowed to break the law.

Knowing this helps you know how to work with collectors, how to get them off your back, and what you can expect them to do and not do.

The third rule of debt collection is that everything they do can be recorded and given to a judge or jury. You must know this so you don’t say anything in anger or frustration that you don’t want a judge or jury to hear.