DonвЂ™t ignore a debt collectorвЂ™s calls. Rather, you will need to negotiate. If it would go to court, appear.
Katie Ross, Education and developing Manager at United states Consumer Credit Counseling, or ACCC, provided us her suggestions about handling the risk of a lawsuit:
вЂњWhen you skip a repayment, the financial institution will attempt to make contact with you through the email address you offered (address, phone, e-mail). In the event that you overlook the lender and donвЂ™t make any repayments, they’ll move to a third-party collections agency to get the debt right back. Continue reading