If you have ever been in a situation where you are behind in making payments on an account, you may have been contacted by a creditor seeking to collect the delinquent funds. In some cases, creditor calls may be sporadic and involve people simply reminding you that you need to make your next payment as soon as possible. Some creditors may even be willing to work out a payment plan where they reduce your interest rate or minimum payment in an attempt to help you catch up. There are other creditors, however, that could be harassing and may infringe on your legal rights. At the Law Office of Douglas J. Powell, PC, we know that creditor calls may be intimidating and you may need an advocate to stand up for your rights in these types of situations.
Under the Fair Debt Collection Practices Act, creditors cannot call debtors and harass them by using profane language, threaten to garnish their wages or repossess property if they do not continue to make their payments. Some creditors may act as though they are working with law enforcement, and that you will be locked up if you do not comply with their financial contract. While these practices are illegal, they do happen. Debtors should understand that they can put a stop to this harassment by contacting the creditor, and asking them to stop correspondence with you.
If the threats and harassment continue, you may want to speak to attorney, who may help by putting an automatic stay in place.
To learn more about how you can put a stop to creditor harassment, visit our page on Bankruptcy FAQs.