So, you received a call from Radius Global Solutions and you’re wondering why they’re contacting you. Well, let me break it down for you.
Firstly, it’s important to understand that Radius Global Solutions is a collection agency. They specialize in collecting debts on behalf of creditors. If you find yourself in a situation where you’re unable to pay your bills, the original creditor may choose to sell your debt to a collection agency like Radius Global Solutions.
When a debt is sold to a collection agency, they acquire the rights to collect the debt from you. This means that the original creditor no longer has a stake in collecting the money owed to them. Instead, it becomes the responsibility of the collection agency to pursue the debt.
So, if you’re receiving calls from Radius Global Solutions, it means that they have acquired your debt from the original creditor and have opened a collection account on your credit report. They are now attempting to collect the money you owe.
It’s important to note that collection agencies like Radius Global Solutions are governed by certain rules and regulations under the Fair Debt Collection Practices Act (FDCPA). This act outlines what collection agencies can and cannot do when attempting to collect a debt. For example, they are prohibited from using abusive or harassing tactics, calling you excessively, or making false statements.
If you’re being contacted by Radius Global Solutions, it’s crucial to understand your rights as a consumer. You have the right to request validation of the debt, which means the collection agency must provide proof that you owe the money. You can also negotiate a payment plan or even potentially settle the debt for a lower amount.
Now, let me share a personal experience. A few years ago, I found myself in a tough financial situation and was unable to pay my credit card bills. Eventually, my debt was sold to a collection agency, and I started receiving calls from Radius Global Solutions. At first, it was a bit overwhelming and stressful, but I learned to navigate the situation.
I contacted Radius Global Solutions to discuss my options and negotiated a payment plan that worked for me. It’s important to communicate with the collection agency and be honest about your financial situation. In my case, they were willing to work with me and I was able to repay my debt over time.
Remember, dealing with collection agencies can be intimidating, but it’s important to stay informed and understand your rights. Don’t ignore their calls or brush off the situation. Take the initiative to communicate and explore your options for resolving the debt.
If you receive a call from Radius Global Solutions, it means they have acquired your debt from the original creditor and are attempting to collect the money owed. It’s crucial to understand your rights as a consumer and explore options for repayment or settlement. Don’t hesitate to reach out to the collection agency and have an open and honest conversation about your situation.