Protecting Your Rights Against Creditor Harassment

How to Protect Yourself From Creditor Harassment

Dealing with creditors is one of the toughest parts of managing debt.

Whether the debt is due to a divorce, to a rough time after a job loss, or some other extenuating circumstance, one thing stays the same: creditor harassment is stressful.

The majority of harassment comes in the form of nuisance phone calls and endless streams of letters.

After multiple interrupted dinners and threatening correspondences, this can become too much for some to handle.

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Communicating with creditors is important, though can also lead to further problems.

It is important not to acknowledge debt which is not rightfully yours.

Secondly, confirming your willingness to cooperate is a double-edged sword.

It can lead to a reprieve, but it also confirms that you acknowledge the debt and can lead to creditors actually contacting you more frequently.

Many who deal with substantial debt use the legislation in Canada to protect them from this harassment.

If you file for bankruptcy or issue an approved consumer proposal, then by law, you creditors cannot continue to contact you.

If you want to learn more about how this approach can benefit you, speak with a Licensed Insolvency Trustee today.

They will assist you in gaining a full understanding of your financial options and which approach to take to get the relief you need.

Of course, both options do remain on your credit profile for years.

However, if the issues with creditors are becoming an impact on your day to day health and wellbeing, this may be a good approach.

Consider both the benefits and drawbacks while discussing the nuances of both processes with a skilled financial professional.

You deserve the benefits of freedom from creditors; so, instead of disconnecting the phone or ignoring the calls, act and get started retaking your financial fate with the assistance of a Licensed Insolvency Trustee.

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Bankruptcy FAQs
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How to Rebuild Credit Following Bankruptcy
Personal Bankruptcy in Canada
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