Stopping the Calls
Did you know that even if you owe a debt to a collection agency, there is a certain
way that the agency must go about contacting you? If you’ve been receiving incessant
calls or angry messages from a collection agency, you may be entitled to receive
money from them. And, if you have not been able to pay the debt for any reason,
you can write a letter to the agency explaining your situation and requesting that
arrangements be made. Here’s how to get started.
Factors to Include
If you have recently lost a job, incurred a large financial responsibility, or been
unable to work due to an illness or disability, these things can greatly affect
your ability to satisfy a debt. However, the collection agencies will not know this
unless you tell them. Communicating with your creditors is one of the best ways
to make sure that your credit stays intact. Often, creditors assume that you have
no intention of paying your debt when you do not return calls or notices informing
you of the debt you owe. So, if you speak with a representative about your financial
situation and ask about alternatives, it is likely that that irritating calls will
You may also want to include things like a request to lower the interest rate for
a little while as you’re trying to get yourself back on track financially as well.
Talk with a credit counselor, even after you send your letter off, to find out how
you can organize your finances in order to pay the debt off sooner. And, make sure
that you are able to get something in writing from the credit card company stating
the new arrangements that have been made, so that you can keep up with your end
of the bargain and make sure that your financial promises are kept.
When you write a letter to the debt collection agency, make sure that you make it
known that you are prepared to take legal action if you continue to get calls from
the company after the agreement is made. This will most likely stop the calls and
harassing letters quickly, but you should be sure that you can provide proof of
these items should you have to take the case further. Start now. The sooner you
get going the sooner you will have some relief.