Creditors harass their debtors so often nowadays. And this makes their life so painful. So you need some tips to keep your creditors out of your reach.
First of all, you need to do the payments on time to aloof the harassment from creditors. If you fail to do so, then you must inform your creditors that you are going through some financial difficulties this time around and also assure them that you will make all the payments within a specified period of time. They can also be informed about the schemes from which you would arrange the money. In this way they will not bother you while you're trying to get things resolved.
If you find yourself in a position where you are not in a condition of making the payments of your debts, then you must file for bankruptcy as soon as possible. Then, your creditors can not call you or send you collection letters. This happens because the creditors also get a notice from the court which informs them that you have filed for the bankruptcy.
When someone is really sinking in debt and can not pay monthly bills on time, then it has been seen that he is continuously receiving collection call from his creditors. In many cases, it may also be a good idea to explain the situation and look for some hints on how to continue the payment, is a good move.
Here is something to be noted that creditors are allowed to contact the debtors in the due accounts, but not allowed to harass any debtor for nonpayment. Making calls to a debtor continuously or using unprofessional language to provoke the debtor to make payments is considered harassment under the law. If you are receiving calls from them in the office hours or in odd times, although they are not allowed to make calls, is regarded as harassment too.
If your attempt to settle all things and companies debt settlement remains unfulfilled and along with it your filing for bankruptcy also gets turned down by the court, then creditors are bound to stop all collection efforts according to the Fair Debt Collection Practices Act. (FDCP). Despite this, if they keep on calling you and harass you, then your creditors will be penalized. When a debtor is represented by a lawyer, then it means that all the contacts are required to pass by the lawyer.