Myth: Debt collectors deal mainly with the destitute and the downtrodden.
Fact: Debt collectors learn quickly that debtors come from all walks of life. In fact, many people with debt are people like you and me who happened to be unable to pay bills for a time for one reason or another. Although debt collectors know that they must treat each person as an individual and understand each person’s specific situation, they do recognize certain categories of people who experience financial difficulties:
- Those who don’t understand the advantages of paying their bills.
- People who have had a change in their lifestyle due to death, illness, job loss or some other unforeseen and unplanned circumstance.
- Those who simply do not understand the complexities of buying on credit.
- People who promised to pay through credit agreements, broke their promises and are looking for ways to avoid payment.
- Credit criminals engaging in fraud.