Stopping Creditors From Calling?
Posted on
September 21, 2009
at
10:53 pm
Please do advise on how to get creditors to stop calling me! It is frustrating and I need to get them out of my hair! Thank you!
Posted on
September 22, 2009
at
12:27 am
One way to stopping creditors from calling is by way of your account's statute of limitations. It acts like an expiration date on your account, particularly if it is an old debt. The statute of limitations is one way for debt collectors and even your creditor from pursuing collection activity against you. You need to make sure that the SOL on your debt hasn't expired yet prior to making payment arrangements with your creditor.
Posted on
September 22, 2009
at
1:25 am
Of course some creditors and collection agencies may still attempt to collect from you even if the SOL has expired, thinking that you've forgotten all about it. You can be able to prove that the SOL has passed on your debt, and you can inform them of such, as a way to stopping creditors from calling you. If they go as far as bring a lawsuit against you, you can just simply justify that the time limit has passed for the debt to be collected, and that you no longer have any responsibility for it.
Posted on
September 22, 2009
at
2:21 am
Another way to stopping creditors from calling is by writing them a Cease and Desist letter, stating that you no longer wish to receive collection calls. Depending on your creditor, it may take 14 days before your request would be processed, but rest assured that you won't receive a single call within that period. A verbal request for stopping calls isn't enough--you need to write them a letter stating the concern.
Posted on
September 22, 2009
at
2:38 am
when the creditors have stopped calling thru that letter, am i still liable for that debt? or has it charged off once i do that?
Posted on
September 22, 2009
at
11:08 pm
Yes, Anna.Banana, even if that letter has enabled your creditors from no longer calling you, the responsibility of paying for that debt is still in your hands. In addition, the debt will not charge off once no collection calls are made. A debt charges off after 180 days, or six months, of non-payment.
Posted on
September 22, 2009
at
11:52 pm
So a charge off will not be a cause of stopping creditors from calling... Hmmm...
Posted on
September 23, 2009
at
12:24 am
Right. When your debt has charged off, you are still very much liable for that debt. With regard to stopping creditors from calling you, a written request for stopping calls will work best for you.Of course, if the creditor or collection agency makes calls at your workplace, a verbal request is fine. They are permitted to call at your place of employment, but should immediately stop calls there upon your request.
Posted on
September 23, 2009
at
2:20 am
Exactly. Most employers after all do not permit personal calls at their respective workplaces and creditors would not run the risk of the debtors losing their jobs. That would mean even greater losses, in the sense that they wouldn't want for their customers to lose their income, so they would still be able to pay for their debt.
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