Did you know that you don't have to deal with creditors threatening you or phoning you all hours of the day? While creditors do have a right to contact you about any debts you owe them, they are governed by fairly strict laws with regard to when they can call and what they can do and say when they make contact. A first step to handling an aggressive creditor situation is understanding those laws and asserting your consumer rights.
The fastest way to get creditors to stop calling, especially when you do actually owe the money, is to make payments or payment arrangements. This isn't always possible, though, and if you are dealing with a debt crisis, then harassing creditor calls might only be adding fuel to an already stressful fire. When faced with such pressure, some people make rash decisions and agree to payment arrangements just to keep creditors from calling again.
Agreeing to payment arrangements that you can't afford only solves the situation for a few days or weeks, because as soon as you miss the agreed-upon payments, creditors will start calling again. They might even be more aggressive or take the next steps against you in the collection process because you failed to keep up with an agreement.
If you truly can't pay your debts, you aren't alone. Many Americans face a debt crisis because of unplanned emergencies, medical bills or job or income loss. Regardless of why you are facing this situation, our firm is here to provide assistance in the form of a bankruptcy consultation. Contacting our experienced lawyers can help you put a stop to creditor harassment and seek a long-term option for your financial distress.