When you started receiving calls from creditors about outstanding debt, you may have thought that your best course of action would be to ignore them. Unfortunately, like many problems in life, ignoring creditors does not mean that they will go away. In fact, it could invite additional actions against you.
You may worry about dealing with creditors because they can be intimidating. While this is true, you may want to remember that you still have rights, and creditors cannot treat you any way they want. In fact, if creditors harass you in their attempts to collect, they have violated the law.
Can you get calls to stop?
It may be beneficial for you to know that you can get creditors to stop calling. In fact, it may be as simple as asking the creditors to stop calling while on the phone or writing a “drop-dead letter” in which you formally request that the contact come to an end. Typically, a written letter is the better option. After you make this request, creditors, by law, must stop contacting you.
Of course, that does not mean that your debt problems have now simply gone away. Creditors have other ways of collecting on debts that do not involve contacting you directly. For instance, creditors could file lawsuits against you in attempts to obtain payment, even for debts that may have passed the statute of limitations. Any summons regarding a creditor’s claim against you should not go ignored.
What are your options?
Fortunately, you could use creditor calls to your advantage. That may seem unlikely, but the government requires legitimate creditors to provide you with information about the debt you owe and to whom you owe it. You could request this information in a written notice, which is beneficial because it could provide you with needed information and help you ensure that a claim is legitimate.
You may wonder why you would want this information, but it could help you further assess your debt issues. By knowing who you owe and how much you owe them, you may gain a realistic picture of your debt issues. You could then use this information to help yourself find the best debt relief option. In your efforts, you could also provide this information to a New York bankruptcy attorney who could help you on your journey to a more stable financial future.