How Do You Handle A Creditor Who Threatens To Sue?

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How Do You Handle A Creditor Who Threatens To Sue?

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When a creditor continues to contact you regarding a past due bill, late payment or a mistake on an invoice and threatens to sue to collect the money, you have some options besides conceding to pay. Creditors and bill collectors have a systemized process of seeking to get payment from you. Threatening to sue you for the money they claim is owed is considered a final-ditch effort to get you pay up. Request all invoices, paperwork and related information regarding your account from the creditor or bill collector. It is important you have all the pertinent information on the account in question, including the date the creditor began their collection efforts. Make sure you have copies of payments you have made on the account in question. Keep track of when, how and in what amounts you made payments on the account in question. Keep a log of the phone calls you received from the creditor or their representative regarding the bill in question. Track times, dates and text of messages left on y

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