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How to deal with Creditor Harassment?
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A creditor should be informed clearly in writing that the overall awareness of the fair trading guidance notes will prevent them from further harassing, and if they continue with the same, strict action will be levied.
Creditor Harassment can be dealt with in different ways as discussed under the following heads:
Police assistance: Police assistance by far is not very likely, as any category of prosecution is possible only with criminal or fraud acts, but as a future protection this can be kept as a store!
Complain to the trading standards: The trading standards will be able to access whether or not the debtor had been a victim in the hands of the creditors, and if proved to be right, then there can be a penalty or can lead to a serious implication of holding a credit license.
Full and final settlement to clear debts: Making a full and final settlement to the debt collection agency, by settling debts. It is known that debt settlement companies do help consumers to make settlements at a much lower percentage. This is by far the best way to avoid creditor harassment.
Take creditor to Small Claims Court: A debtor can sue the creditor in the small claims court if he feels that the collection agency does not validate yet contacts for collection, sends a cease and desist letter, the creditor does not report the credit history properly, or the collection agencies calls up the family, friends and neighbors, or even make calls at odd hours. Small claims court is a legal body who resolves disputes for small amounts of money generally less than $3000. Claims courts are therefore less expensive and affordable for the consumers as hiring a lawyer is not mandatory.
Creditor harassment is something very unpleasant, but there are ways and means to control, not only does debt settlement take care of the consumer, there are other ways like debt management, debt negotiation, and debt consolidation where consumers can get free counseling and resolve their problems effectively.
