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A letter from a bill collector isnt something you ever want to see nestled between your phone bill and the pizza coupons when you check the mail – but if the collection letter has your address and someone elses name, you can breathe a temporary sigh of relief.

Not worrying about being hounded by bill collectors is one thing, dealing with the repetitive "junk mail" theyre sending to someone else who they apparently think lives in your home is quite another.

Of course, when you receive something that looks like a collection letter, you open it – especially if its not addressed to you. Youre curious. Its okay, we all are. Youve probably heard over and over again that opening someone elses mail is a violation of federal law, and it probably is. But if I know one thing about the law its that there are all these pesky little contingencies involved. Joe Schmo often goes and reads federal statutes, interprets them to the best of his ability (i.e. incorrectly) and then spreads drivel all over forums he frequents. This drivel then trickles down to 1000 other places until the original law is all but ignored in favor of Joe Shhmos interpretation. You get me?

I have yet to come upon a case in which someone has been jailed for opening a letter with their address on it that just happened to be addressed to another person. Just sayin.

Someone Elses Collection Letters

So youve got these collection letters that just keep coming. Why should you do anything other than read them, chuckle to yourself at someone elses misfortune and toss them in trash? Two reasons:

1. The person the collection letters are addressed to, lets call him John Doe, may have no clue that bill collectors are even after him. Eventually the collection agency may just decide to sue him and guess whose house the summons will arrive at? Ignoring the summons on top of all the collection letters will leave John Doe with a default judgment he isnt even aware of. If you have no moral compunctions about putting another person in that position when you can prevent it, fine, but Jiminy Cricket frowns on things like that.


2. John Doe may have just given his creditor a fake address – your address – before stiffing them for the bill. That should anger you just a little bit. Here you are receiving collection letters because some jerk used your address as the basis for his scam. The least you can do is notify the collectors so that they can start looking in the right place and hopefully catch him. 


The big question, of course, is how to notify the collection agency that theyve got the wrong guy without admitting that you broke the law and opened someone elses mail.

Part of the difficulty in notifying a collection agency that theyre sending dunning letters to the wrong address stems from the fact that the Fair Debt Collection Practices Act prohibits collectors from putting any information on the exterior of an envelope that would indicate that the communication is from a debt collector. Most bill collectors avoid this by simply putting the return address on the envelope rather than the company name. If youve ever dealt with collectors before, however, you know that simply marking the letter "Return to Sender" isnt going to result in the company calling off the dogs. If bill collectors keep sending collection letters to your address but those letters arent for you, here are some options to consider:

Acknowledging That You Opened Someone Elses Collection Letter 

This is pretty innocent. As a matter of fact, Ive done this one myself. Call the collection agency and explain that while you were opening your mail you discovered the collection notice. Only after reading it did you realize that it wasnt addressed to you. Its an innocent error. Who really expects the mail in their mailbox to be for a stranger? In my case, the collection agent was surprisingly nice and helpful (My jaw hit the floor. I called geared for battle. Oh well, another time) but you cant always expect that.

Just admit you opened it.

You have a decent chance of getting the agent to begrudgingly accept the fact that the company made an error and take your address off the company mailing list. If the bill collector starts railing about you breaking the law by opening someone elses mail, take it calmly and point out that it isnt reasonable to expect that mail in your mailbox, with your address on it, isnt addressed to you. If you want to really make sure that you dont get any more mail from the collection agency, go to your good friend Google and track down the perpetrator for them. Have John Does real address on hand when you call.

Playing It Safe With the Collection Agency

If you like to play by the rules and dont want to risk a jilted collection agency doing something crazy – like filing a lawsuit against you for opening someone elses mail (because, lets face it, they are all about the Benjamins) you can opt to type out a nice letter noting that the recipient of this "piece of mail" is not a resident of the given address. Include an unopened collection letter (if you open it youre just giving yourself away) with your note and send both to the return address the collection agency provided on the letter.

Now – and dont screw this up – if youre playing it safe do NOT address the collection agency by name in your letter. The collection agency didnt list its company name on the envelope, and youre playing by the rules and feigning ignorance, remember?

With any luck, one of the above tactics will prove successful and you wont receive any more collection letters at your address for a mysterious debtor who doesnt live there.

Credit card debt is the biggest problem that most of the US consumers are facing nowadays. There are many way out to whittle down the
credit card debt which most of us unaware of it. So dont be ignorant, learn more and fight debt.



‘Credit card’-the word that has changed the feature of the whole financial world. The rapid increase of credit card usage, on the one hand, has gifted an easy life to enormous US consumers and on the other hand it has given birth to a new kind of financial problem that is called-‘debt’.



Debt is the most pronounced word in the US financial market. The consumers are gradually stepping to the black hole of this money crisis. This crisis is snatching away their mental piece and leaving them to face crucial situations and harassments caused by the debt collectors.



So, we must try to solve this huge insolvency with urgency by applying prominent tactics. Here are some way outs that will help you to learn, understand and solve your credit card debt mess.



The following section will provide minimum suggestions to resolve those problems.

• Pay credit card charges regularly: You must pay your credit card bills regularly. Avoid building up your balances as you will attain the limit of the entire credit.


• Make a good budget: You must make a good budget to manage and save money from your regular income. Know thoroughly about your total earning, enlist your monthly bills and dues and make a curtailed budget for your daily expenditures. You should show a steadiness to this and cut the unnecessary items from your daily expenses to save more.


• Wipe out the reason that causes the economical insolvency: Try to eliminate the reasons that cause this economical mess. You can take some previous steps to prevent these problems. Such as making savings accounts to give essential backups to your adverse situations (medical loans) and stop the uncontrolled outflow of your money.


• Manage your money by evaluating your lifestyle: You must manage your money by evaluating your lifestyle and habits. Such as considering the amount of your rental housing (should not exceed more than 33% of the total income), after paying your liabilities such as insurance and tax payments.



• Decrease the number of multiple credit card usage: If you are holding multiple credit card then immediately reduce the numbers of those cards. Stop over usage of those cards except emergency cases.



• Use cash and stop the use of credit cards: If you are having multiple credit cards then decrease it to single. Use cash to pay the low daily expenses. This will give you the good habit to control your reckless expenditures.



• Buy credit cards with low interest rates: Bye credit card with low interest rates. It will automatically reduce the credit limit and reduce your profligate expenses.



• The other credit management options: Those previous ways are the processes that provide ‘self-help’ strategies. But if your financial condition is too poor that you cannot pay the entire amount of your debt or you are standing on the verge of your financial devastation then you can also try for other portions such as debt settlement, debt consolidation or at last filing bankruptcy (it is just to avoid foreclosure).

Closing section: If you are a US consumer who has get entrapped in the cobweb of debt then you need an immediate help. Though the upper portion will show you several ways to get out of debt but this is also true that those are only the preliminary works that you need to do. After this you need good credit counseling, money management counseling and a legal help from an efficient attorney to fulfill the whole course. It is the appropriate way to completely obliterate the debt troubles.

Article Source : gomestic.com