For most people, it is easy to feel threatened by the debt collection agencies and get confused about the process of repaying if they are being dunned for delinquent credit card, hospital, and other bills. Below are some ways that a Herkimer NY Bankruptcy Attorney recommends to use to stop the harassing from fair debt collection agents.
You should stop any harassment before it begins. It is important to begin by settling the bill that is very important, without overlooking other bills since they are equally important. Instead of ignoring such bill, contact the creditors concerned and let them understand your reasons for not paying on time.
Before the creditors hire someone to collect the money owed, it will be a good thing if you could talk to them. This will save you the trouble of working with harassing agents that may make your life a living hell.
You should know that the law makes it clear that it is illegal for them to keep on calling you after you have told them in writings and so you should try and send them a letter telling them to stop calling you. There is an act known as the fair debt collection practices act which does not apply to those creditors who collect debts owed to them. This is why you should sent them a letter for many will stop calling you after they receive the letter in which you will explain to them some ideas on when you will be able to pay.
You should not do everything on your own. Let your lawyer be the one to send these letters. If you do not have a lawyer, you may need to hire one. If even after sending your creditors letters asking them to stop contacting you, they still continue calling you, ask your attorney to send them letters on his or her legal stationery.
Another important thing is to set a good payment plan. It is very crucial that you consult with the creditors and let them see you have a reasonable plan for your debts. Remember to stick to affordable amount of money in order to make the entire process easy. Some of the creditors may offer you less interest rates for the money owed. You should negotiate the ongoing loan and you will be amazed to understand they can do some interest rate reduction.
The collection letters are full of mistakes and that is why you should make sure that you dispute the charges if you find mistakes. Some of the mistakes commonly found are of the account number being wrong or the amount due is wrong. With this, you may receive a collection for someone whose name is similar to yours. You will then have the right to dispute the claim according to the collection agencies.
You may also need to file for bankruptcy. After filing for bankruptcy, the court will issue orders that protect you from all the collectors, creditors and government agencies. The collector can only pursue you after getting permission from the court. Again, the court will not give the collectors permission to pursue you if the debt owned is not secured. Talking to a bankruptcy lawyer before you file for bankruptcy is very important.
You should stop any harassment before it begins. It is important to begin by settling the bill that is very important, without overlooking other bills since they are equally important. Instead of ignoring such bill, contact the creditors concerned and let them understand your reasons for not paying on time.
Before the creditors hire someone to collect the money owed, it will be a good thing if you could talk to them. This will save you the trouble of working with harassing agents that may make your life a living hell.
You should know that the law makes it clear that it is illegal for them to keep on calling you after you have told them in writings and so you should try and send them a letter telling them to stop calling you. There is an act known as the fair debt collection practices act which does not apply to those creditors who collect debts owed to them. This is why you should sent them a letter for many will stop calling you after they receive the letter in which you will explain to them some ideas on when you will be able to pay.
You should not do everything on your own. Let your lawyer be the one to send these letters. If you do not have a lawyer, you may need to hire one. If even after sending your creditors letters asking them to stop contacting you, they still continue calling you, ask your attorney to send them letters on his or her legal stationery.
Another important thing is to set a good payment plan. It is very crucial that you consult with the creditors and let them see you have a reasonable plan for your debts. Remember to stick to affordable amount of money in order to make the entire process easy. Some of the creditors may offer you less interest rates for the money owed. You should negotiate the ongoing loan and you will be amazed to understand they can do some interest rate reduction.
The collection letters are full of mistakes and that is why you should make sure that you dispute the charges if you find mistakes. Some of the mistakes commonly found are of the account number being wrong or the amount due is wrong. With this, you may receive a collection for someone whose name is similar to yours. You will then have the right to dispute the claim according to the collection agencies.
You may also need to file for bankruptcy. After filing for bankruptcy, the court will issue orders that protect you from all the collectors, creditors and government agencies. The collector can only pursue you after getting permission from the court. Again, the court will not give the collectors permission to pursue you if the debt owned is not secured. Talking to a bankruptcy lawyer before you file for bankruptcy is very important.
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Find details about the benefits of consulting a Herkimer NY bankruptcy attorney and more info about an experienced lawyer at http://www.toddbennett.com today.
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