If creditors are calling you non-stop asking why your payments are a day late you are most likely interested in finding a legal way to prevent them from calling and collecting the debt you owe. The plain fact is unless you are timely in paying your bills you are going to receive those calls until they have received payment or you are able to find other debt relief options. This type of calling will continue every time you pay late. If you ignore the calls they will start calling you at work, they will call family, friends and even neighbors.
I always have paid on time, why are the creditors so quick to call me?
For people who meticulously pay their credit cards or other loans in a timely fashion to have a late or missed payment automatically raises computer alarms when a payment error occurs. With the use of computers people using credit can be punished quickly as well as reward people for using credit. The point is in this economy if you have been a good paying customer they want to make sure you are not having problems and therefore will continue to call if you begin missing payments. It is common when someone that has faithfully paid their bills on time and then all of a sudden starts having late payments or missed payments there is a good chance more problems are ahead for the company extending credit. It is for these reasons they begin calling you and logging what is going on in your life into their computers. This is also the reason they raise percentage rates on your cards during the worst time. The computer could have flagged you as problem and they want to make sure they get as much money out of you before the problem gets worse.
How do I legally stop these creditors from calling and harassing me?
You can not stop the creditors from calling you. Fortunately, by studying up on your bankruptcy facts you get a slight edge o those people you owe money if you file bankruptcy or you are able to pay the creditor off. Doing either of these will stop them from calling you. If you are open to filing for bankruptcy you will be protected by the bankruptcy court and the provisions of “automatic stay”. This means that creditors must stop trying to collect all debt from you unless the file for relief from stay. In other words, if you are having garnishments or they are starting to foreclose on your home they have to stop all actions once the bankruptcy court has notified the creditor you have filed.
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