How do I negotiate with a debt collector?

When negotiating with a debt collector, it is important to remember your rights under the Consumer Debt Defense Law of New Mexico. The first step is to understand your rights, as many debt collectors may try to take advantage of you with aggressive collection tactics. The most important thing to know is that you have the right to dispute the debt. If you do not believe you owe the debt, you can send the debt collector a letter or use an online dispute form to dispute it. Another important thing to keep in mind is that you have the right to know the terms of the debt before agreeing to any payment plan. This includes information about the amount owed, who is collecting the debt, and the date the debt was incurred. This information can help you decide if you can afford the payments and negotiate a more affordable option. Additionally, the law prohibits debt collectors from harassing you with threats or profane language, or using any false or misleading statements. If a debt collector violates this law, you can file a complaint with the Attorney General’s Office. Finally, if you do decide to negotiate with a debt collector, it is important to put all the terms of your agreement in writing. This ensures that both you and the debt collector have the same understanding, and can provide evidence of the agreement if you ever have to take legal action.

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