Stop Aggressive Debt Collectors In Their Tracks
How to Stop Aggressive Debt Collection Tactics
It is important that you realize there are very strict rules about what debt collectors are allowed to do.
Some people find that debt collectors go out of their bounds, and can even become aggressive towards the people they are collecting from.
If you have ever had a debt collector come after you, you will know that they don’t always play fair, which is why you need to understand how to stop them in their tracks.
Ensure They Follow The Rules
There are a number of rules that the collectors have to adhere to if they want to remain on the right side of the law.
The first one is that they can only contact you a certain amount of times during a 7 day period.
If a debt collector has contacted you more than three times, then know that they are now operating outside of their rules.
It is against the law in Canada for them to contact you excessively.
You should also note the times at which they are contacting you.
The restrictions are as follows: they are not allowed to contact you between the hours of 9pm and 7am, and they are not allowed to contact you at all on a Sunday, except between the hours of 1pm and 5pm.
If a debt collector is contacting you at inappropriate times, you should consider legal help.
It is also important that you know they must send you a written notice before they contact you.
This must be done by mail, and the amount that you owe must be clearly stated in the letter.
When they do contact you, they are not allowed to intimidate or threaten you, including using profanities.
File A Consumer Proposal
If you are having problems with debt collectors and you want to stop them, you should think about filing a consumer proposal.
Once you have submitted this and it has been accepted by your creditors, all debt collections must then cease.
As you have made an arrangement with the creditors that you owe money to, nobody will be coming after you any longer.
A consumer proposal is an agreement that you make with the people that you owe money to, where you offer to pay a certain percentage of the total amount of a specified period of time.
Most creditors accept these if they see that you are struggling to pay, especially if bankruptcy is one of the other options you are considering.
The reason for this is that they will get more out of a consumer proposal than the alternative.
Do you want to find out more about how to stop debt collectors?
Or, do you need advice about general debt?
Get in touch with us today, and a friendly member of our team will be glad to get you started on the road to debt management.