Studies have shown that the number one cause of bankruptcy claims is to rid themselves of the unending creditor harassment calls to their homes and work places.

 

Collection companies are notorious for threatening phone calls, trying to scare people into making payments to them.

 

We stop creditor harassment dead in its tracks.

Understanding and Dealing with Creditor Harassment

Creditor harassment is a troubling issue that many people face when they fall behind on debt payments. It can significantly impact your mental well-being and overall quality of life. Recognizing what constitutes harassment and understanding your rights can help you navigate these difficult situations and regain control over your financial health.

What Constitutes Creditor Harassment?

Creditor harassment occurs when debt collectors engage in abusive, aggressive, or illegal tactics to pressure you into paying your debts. While creditors have the right to collect on debts, they must do so within the bounds of the law. Harassment can take many forms, including:

  • Repeated and Aggressive Calls: Debt collectors may bombard you with phone calls, sometimes multiple times a day, at inconvenient hours.
  • Threatening Language: Collectors might use threats of legal action, arrest, or wage garnishment to intimidate you into paying.
  • Harassing Letters: You may receive frequent, intimidating letters or notices that exaggerate the consequences of not paying.
  • Unwanted Visits: Some collectors may visit your home or workplace, which can be invasive and stressful.
  • Misleading Statements: Collectors might provide false information about the amount owed, the legal consequences, or their authority.

Your Rights Under the Law

The Fair Debt Collection Practices Act (FDCPA) is a federal law designed to protect consumers from abusive debt collection practices. Under the FDCPA, you have several key rights:

  • No Harassment: Collectors cannot use threats, obscene language, or repeated calls meant to harass you.
  • Verification of Debt: You have the right to request verification of the debt. Collectors must provide proof of the amount owed and the creditor’s identity.
  • No False Statements: Collectors must not lie about the amount owed, their authority, or potential legal actions.
  • Privacy Protection: Collectors cannot disclose your debt to third parties without your permission. They also cannot contact you at unreasonable hours or at work if you’ve requested them not to.
  • Written Communication: You can request that all communication be in writing, stopping verbal harassment and ensuring you have a record of all interactions.

Steps to Take if You’re Being Harassed

If you are experiencing creditor harassment, there are several steps you can take to protect yourself and address the situation:

  1. Document Everything: Keep detailed records of all communications with creditors and debt collectors. Note the date, time, and content of calls, and keep copies of all letters and notices.
  2. Request Verification: When contacted by a debt collector, request written verification of the debt. This helps ensure the debt is legitimate and provides a record of the collector’s claims.
  3. Know Your Rights: Familiarize yourself with the FDCPA and other relevant laws to understand your rights and protections.
  4. File a Complaint: If a collector violates the FDCPA, you can file a complaint with the Consumer Financial Protection Bureau (CFPB) or your state’s attorney general. This can help address the issue and prevent further harassment.
  5. Consider Legal Advice: If harassment persists or you’re unsure how to handle the situation, consult a consumer rights attorney. They can offer legal guidance and assist with resolving disputes.
  6. Seek Mediation or Negotiation: In some cases, negotiating a payment plan or settlement with the creditor can alleviate harassment. However, ensure any agreements are documented in writing.

Preventing Future Harassment

Once you’ve addressed the immediate issue of harassment, take steps to prevent future problems:

  • Review Your Credit Reports: Regularly check your credit reports to ensure accuracy and identify any new accounts or issues.
  • Create a Budget: Develop a budget to manage your finances better and avoid falling behind on payments.
  • Seek Financial Counseling: Consider consulting a credit counselor or financial advisor for assistance in managing debt and improving your financial situation.

Conclusion

Creditor harassment can be a distressing experience, but knowing your rights and taking proactive steps can help you manage the situation effectively. By documenting interactions, understanding legal protections, and seeking appropriate assistance, you can address harassment and work towards regaining control over your financial health.