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When to strike
A fourth thing that collectors don't want you to know is that most of them are paid on commission. This means that they literally don't earn anything unless they can collect on your debt. They also usually have a monthly goal they must meet. For his reason, the collector may be a lot more willing to negotiate towards the end of the month.
They don't want you to know they must verify it in writing
Again thanks to the Fair Debt Collection Practices Act, the first time you receive a call from a debt collector, you need to ask that everything be put in writing. Here's a short video that explains this process and why it's important.
Debt collection agencies cannot get a lien on your house
Despite what a debt collector may threaten, he or she cannot get a lien on your house without taking you to court and getting a judgment. Some collection agencies will file suit and if they do so, make sure you show up in court for your hearing. The reason for this is that if you don't, the agency can get what's called a summary judgment and then put a lien on your house or some other property.