Financial problems are not something that anyone wants to go through. Throughout life anything at any point can happen. One could lose their job just because the company shuts down or lays employees off for budget reasons. Another reason for filing bankruptcy is simply trying to consolidate your debt and essentially buy yourself some more time to bounce back to some sort of financial normalcy.
When it comes to being in a financial crisis, it is understandable (and should be expected) that you will receive some phone calls from debt collectors. Today we have a few tips for you to follow if you want to stop those annoying phone calls.
Call the institution you owe debt to
While you may not exactly want to do this, if you want phone calls from debt collectors to stop running your day… beat them to the punch! We know that this is not an easy thing to do, however, you are going to eventually have to speak to them at some point.
Simply have a game plan set up of what you want to cover, what you need to know, and how the process will continue from the first initial call. The sooner you start the conversation, the sooner it can end.
Setup a payment schedule
During your initial call it is crucial that you explain your current financial situation to your debt collector. They understand that unforeseen things happen. If you simply explain your situation, you may have an easier time paying them off. During your initial call (or second) setup a payment schedule that is feasible to you. Once you begin to pay them, the lesser they will call you (if at all).
Mean What You Say When You Negotiate to Pay You can proactively call your debt collectors every single week in advance to them contacting you to discuss the current payment situation and to avoid inconvenient calls. This can reduce the stress of having your phone ring and puts you back in control of your financial situation.
Receiving unwanted phone calls from debt collectors is not the greatest part of anyone’s day. However, if you follow these tips you can stop them in their tracks (in a good way of course).
Stopping Debt Collection Calls When Filing For Bankruptcy may reduce the stress experienced during this already stressful time. Utah paystubs provided this piece to help you with debt collection negotiations, collector communications, and setting up payment schedules. With no software to download, no templates to fill in, and no calculations to perform, say "yes" to your instant Utah check stub income verification!
This business is owned and operated by a U.S. veteran. The protection of your information is our TOP priority.