Last week we talked about how you can deal with those phone calls from the pesky creditors and collection agencies. They always pick the absolute worst times to call, and sometimes it may seem that they just won’t leave you alone! While sometimes you just wished that you could tell them off and hang up on them, in reality, that will not get you anywhere in the long run, you’ll just end up accruing more debt then you had in the first place. We wanted to follow up and share some further tips on how to deal with creditors and collection agencies constantly trying to contact you.
While these calls can be annoying, most of the time they serve a purpose. Usually, creditors are calling to ask you why your payment was late, or why the payments have stopped. Even though you may not want to talk to them, that is truly the only way that will get them off of your back. Communication is key, just like anything else in life.
It is important however, to know your rights when it comes to the types of creditors who are harassing you and/or threatening you. There are laws set in place for these types of situations, and it is a good idea to educate yourself on the laws in and around the area that you live. You can easily do this by searching the web or consulting with a lawyer. It is of great value to you to learn about these laws because, while not all creditors are like this, some can be very rude and even go so far as to threaten you.
One other thing to consider also, is the passive-agressive creditor. The one that will send you letters upon letters upon letters instead of phoning you. At times, this can be even worse then those pesky phone calls, and can get rather annoying! Probably the largest lesson to be learned here is to make sure that you face the problem head on, and make sure that you talk to the creditors to work out a plan. They are much less likely to bother you if you do that.