cat-right

Credit Card Information: Tips and Tricks to Stop Creditor Harassment

Credit Card Information: Tips and Tricks to Stop Creditor Harassment

If you are hounded by your creditor for unpaid balance through a series of threatening phone calls or by dropping by your house to talk to your friends and neighbors in a bid to embarrass you into paying the debt, know that you can put a stop on these dirty tricks. Unfortunately, not a lot of debtors are aware of what their debtors can and what they cannot do in order to collect the debt. If your creditor is harassing you, don’t be a victim and keep these tips in mind:

Check Your Credit Report

One of the most important things you need to do when you are possibly looking at a credit card lawsuit for unpaid balance is to request your credit report and thoroughly check it for any errors or discrepancies. Some collection agencies are known for re-aging out of statute credit accounts so make sure everything adds up on your report. If you found certain errors, make sure to let the right authorities know about it and have it updated.

Don’t Make Hasty Payments!

One of the most common mistakes debtors make when their creditors are harassing them is that they make minimal payments as soon as they get threatening phone calls from their creditors. Note that when you make a payment, it can start the activity of the account all over again. In return, the statute of limitations on old account will be deemed null and void! To avoid making the same mistake, you need to demand proof from the agency before you make any kind of payment. In addition, make sure you seek the advice of an attorney before making a payment.

Check The Fair Debt Collection Practices Act

Debtors who are harassed by creditors to pay their respective debts must read the terms in the in the Fair Debt Collection Practices Act to see what they can and what they cannot do to stop creditors from such tactics. From the in the Fair Debt Collection Practices Act, you will also see what your debtors can and cannot do to collect the debt. If you feel that some line has been crossed, you can choose to warn your creditor about taking action verbally and then proceed to take legal action if they won’t stop.

It can be quite intimidating to go head to head with a creditor but you need to protect yourself against questionable collection tactics and send a clear message that you do not mess around.

Leave a Reply