Are you struggling with student loan debt? It’s important to be aware of the tactics used by some debt collectors that may catch you off guard. Don’t worry, mate! We’ve got your back. Here are a few tricks these sneaky devils might try to pull on you.
The Phantom Payment Trap
One dirty trick employed by student loan debt collectors is the phantom payment trap. They may claim that they have received a payment from you, even if you haven’t made one. This can lead to confusion and unnecessary panic on your end. Always keep track of your payments and request proof if they make such claims.
The Zombie Debt Resurrection
Another tactic these cunning collectors use is resurrecting zombie debts – old debts that are past their statute of limitations or have been discharged in bankruptcy. They hope that you’ll be unaware of the legalities surrounding these debts and will pay up out of fear or ignorance. Remember, once a debt has passed its expiration date, it’s dead and buried!
The Threatening Tone
Some unscrupulous debt collectors resort to intimidation tactics, using aggressive language or threatening actions to scare borrowers into paying up immediately. Remember, cobber, it’s illegal for them to harass or threaten you! If they cross the line, don’t hesitate to report their behavior.
In Conclusion
Dealing with student loan debt can be overwhelming enough without having to deal with shady tactics from debt collectors as well. Stay informed about your rights as a borrower and don’t let anyone take advantage of ya! Keep an eye out for phantom payments, beware of zombie debts coming back from the grave, and never tolerate threatening behavior. You’ve got this, mate!