For some elderly person, the creditors’ call becomes so annoying that they end up changing their phone numbers to dismiss such calls. It’s said that when a person falls behind on monthly bill payment, then the creditor passes the debtor’s account to a debt collection agency to collect the payment.
A debt collector can disturb you through phone calls:
An elderly person can follow . Here you go:
If you don’t want to respond to debt collectors’ repeated calls, then you should ask them to stop calling. Try to . After receiving the “cease communication letter,” they're bound to stop collection calls. If the debt collector keeps on calling you, then you should report it to CFPB. Use certified mail to send “cease communication letter” and keep a copy of your letter. Remember, your original creditor may contact you regarding debt at any time.
You can get useful advice from a credit counseling agency. The credit counselors will assess your finances and . They may also help you to get enrolled in a debt management program. Thus, you’ll be able to pay off your due debts with time and the calls will automatically stop.
If you have accumulated enough home equity in your 62 years of age, then you can take out a reverse mortgage to make your debt payments. You needn't make monthly repayments towards the reverse mortgage. You only have to , . Remember, the proceeds of a reverse mortgage can be used in meeting any kind of financial needs.
If you don’t recognize the debt and believe that the amount the creditors are demanding is wrong, then dispute the errors.. File a complaint with CFPB to stop the harassing calls and report that you don't owe the debt or the amount is wrong.
You should be aware of your federal benefits. Remember, . These are , , and . So, if any collector threatens to garnish your social security and other benefits, then you can take legal action against the collector.
Online forums are good to ask questions and to know the similar cases like yours. Some communities have a senior legal helpline. You can use the helpline number for free legal advice. from the state legal aid office.
Debt consolidation can be a good option to pay off debts. You can pay off your debts with an easy and affordable monthly payment option. .
Therefore, if the creditor is repeatedly harassing you, and you believe that the debt collector is violating the laws, then submit a complaint to CFPB. You can submit your complaint via phone as well. To get more information about your rights on debt collection, visit the official site of FTC (Federal Trade Commission).
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