Money Monday: What to do when the collector calls - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Money Monday: What to do when the collector calls

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(WJBK) -

Matt Moskowitz from American Profit Recovery in Farmington Hills offers some sound advice on what to when a bill collector calls. 

Play the video to see an interview with Fox 2's Murray Feldman.

More on American Profit Recovery and how the organization could help you, go to: www.americanprofit.net

Validation: make sure you know the debt is yours and legitimately owed.

Communicate:

Don't avoid or ignore calls or letters.

If owed, avoiding will only continue collection activity.

If not owed, inform them, so the collection activity stops.

Work out a payment plan: be honest, work out an arrangement and stick it or communicate. Pay what you can afford.

Get Help: If you need help get it. If you cannot pay your bills or are in debt, a consumer needs help to get out of that situation.  One resource askdoctorbebt.com.

The website Ask Doctor Debt www.askdoctordebt.com is a great resource for folks that are having trouble with their finances. There are a ton of questions and answers and even advice on dealing with collection agencies.

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