It’s been happening every night, just as you and your family are sitting down to dinner. It’s another harassing call from a creditor – you don’t even have to pick up the phone to know. The caller ID tells you the whole story. It’s a number from some other part of the country that you don’t recognize. It’s irritating, it’s stressful and you wish it would just stop.
Have you ever wished you could just stop all the harassing calls? They humiliate you by calling you at work. They threaten you and scare your kids. Have you wondered what your rights are?
In fact there are several ways to make creditors stop harassing you by phone. When you get a harassing phone call, you should sit down right away and write the company to whom you owe the debt in question what’s called a “Do Not Call” letter. This letter will teach the creditor to halt harassing you with phone calls, and give them a better way to contact you.
Call the company that you owe the debt to as soon as you know you’ll not be able to make your payment on time. Explain your situation to them and ask if you can make a payment arrangement that’s mutually agreeable. This will show the creditor that you are sincere about paying your debts and you want to work something out.
You should keep a log of calls from creditors if you’re having this problem. Write down when they called, what debt they called about, who they’re collecting the debt for and the name of the person calling you. Unless it is illegal in your state, record these calls and tell the callers that they’re being recorded; this might even prevent more calls!
You do have some protection under federal law. A creditor can’t call you after 9 pm or before 8 am. After you send them a “Do Not Call” letter, they may only call you once more after that to acknowledge that they’ll cease calling you. Most importantly, they cannot, by law, call you at work, period
Additionally, creditors may not threaten your kids, threaten action which they cannot by law take, or speak to anyone but you or an involved party such as a spouse or your lawyer about your debt. Creditors can’t put you in jail – and without a court order, can’t seize assets or garnish your wages.
There are only three things a creditor can do legally. 1.) They can stop doing business with you. 2.) They have the ability to report your failure to pay to a credit reporting bureau. 3.) They have the ability to sue you to collect the debt. It is doubtful, however, that they’ll actually sue you because it is not generally worth the legal costs they’ll incur to collect what you owe them. If you have collateral on the debt, it can be confiscated if you fail to pay your debt. You don’t have to be a victim of creditor harassment. You, as a citizen and as a human being, have rights. If you feel that you’re being unjustly harassed or verbally bullied by a creditor, there are actions you can take to cease the embarrassment, mental stress and scare tactics of creditor harassment. You deserve respect as a human being and shouldn’t be treated like a criminal just because you are a tiny behind in a bill that you fully intend to pay.
You don’t have to be a victim of creditor harassment. You, as a citizen and as a human being, have rights. If you feel that you’re being unjustly harassed or verbally bullied by a creditor, there are actions you can take to stop the embarrassment, mental stress and scare tactics of creditor harassment. You deserve respect as a human being and shouldn’t be treated like a criminal just because you are a little behind in a bill that you fully intend to pay.