How you can stop creditor harassment ?
People who feel hopelessly pressured by credit card debt should know that they have options to stop creditor harassment.
Creditors are often persistent to the point of constant phone calls at all hours of the day. They often make threats which create unbearable frustration and stress for the debtor.
Solutions include knowledge of debt collection regulations, filing bankruptcy, or using a debt settlement service.
The Fair Debt Collection Practices Act places limits on debt collection.
It covers personal, family, and household debts. Collectors are allowed to make contact with debtors in person or by telephone, mail, telegram, or fax.
If a debtor writes a letter requesting that contact be stopped, collectors must cease contact except to notify of a specific action.
They must contact through the debtor's attorney if they have retained one. Collectors may not tell other associates of the debtor about money owed.
Debt settlement services are a valuable option. They relieve the stress of overwhelming debt by offering a manageable payment plan. As soon as a debtor enrolls, creditors and collectors receive immediate notice to stop contact. Usually, harassment ceases within a month, with two months being the maximum.
Programs are in place to monitor the situation until all debts are paid.
A customer representative is assigned to each account to handle all problems and concerns.
They may ask debtors to keep a written record of any contacts with creditors in order to bring harassment to a halt.
Bankruptcy is considered a last resort. It will stop creditor harassment but at the same time, create other problems. Negative effects, such as inability to obtain credit or secure fair interest rates, can last for at least seven years. Many debtors regret their decision to file for bankruptcy. Feelings of guilt and failure are common. Expert advice is extremely important before making this life changing decision.
Or get our
Awaken the higher mental, emotional, and spiritual capacities with Heartmath.
See products we recommend in our Amazon Store
Aug 16, 17 04:06 PM
Good news I think. I am really intrigued by the keto diet...found myself on it by accident, and then found the documentation. So I am exploring the foods that one is allowed to eat on the keto diet, a…
Aug 13, 17 02:54 PM
Out of curiosity, and thinking about what my next page at this website could be about, I searched the internet for the keyword senior health care, thinking I would find all kinds of ideas about how ot…
Aug 06, 17 08:06 AM
Addiction and Mental Health-Research Based Addictions Treatment