Getting a phone call from a debt collector can be very frightening. You may get a call like this if you have fallen behind on your bills, skipped payments, or simply forgotten to pay the debt. As a result, many collection agencies employ tactics such as intimidation and threats to collect the debt owed. There are several ways to stop a collection agency from harassing you. This article will teach you how.

Pick up Your Calls

It would be a mistake to disregard the calls. When they call, pick up the phone and ask exactly what debt they are trying to collect on, how much money is still owed, and if there is any way you can work out a payment plan that is acceptable to them. The calls will continue to come even if you don’t answer them. If you don’t answer the phone, they can call up to a few times a day. Your credit score will continue to drop if you don’t pay the collection agency, which will show up on your credit report. Don’t ignore the calls from the collection agency and keep in touch with them so that you don’t end up having your wages garnished or your assets seized.

Be Sure You’re Called For the Right Reasons

You need to verify that the creditor that is trying to get you to pay a debt is rightfully your responsibility. They may be calling you regarding someone else’s account if you have a common name. There is also the possibility that they are calling you regarding a debt that you have already paid off.

It is your responsibility to determine the source of the threatening phone calls and the mail you have been receiving. Inquire from the collector who the debt belongs to, which creditor it is related to, how much the debt is, etc.

Check your credit report carefully to see which of your accounts have been turned over for collection or have reached the point where they are past due on their payments. Notify the collection agency as well as the credit bureau if the account does not belong to you or if you have already paid it off so that they can delete any misinformation from your profile. After that, you shouldn’t be getting any further phone calls. If you do, report it immediately.

But if the unpaid bills are your responsibility, you will need to make arrangements to pay them off.

Understanding Your Legal Rights

If you’re dealing with pushy, aggressive collection agencies, your best defence is information. Familiarize yourself with your legal rights so that you’ll know when they’re overstepping their boundaries.

Debt collectors have a reputation for calling their clients multiple times each day, threatening legal action, and even contacting people while they are at work.

As specified by the law, collection agencies have the legal right to get in touch with you about any unpaid loans you have incurred. However, when they call, they are not permitted to use foul language, threaten, or lose their cool in any way. They are prohibited from disclosing any information regarding your predicament to either your family members or your place of employment.

Investigate the rules governing the collection of debts in your province; debt collectors are required to adhere to specific timelines and procedures. This includes the number of times they can contact you in a day or a week and the times that they can call you.

Debt collectors in Ontario are only allowed to get in touch with you between the hours of 7 a.m. and 9 p.m., Monday through Saturday, and between 1 p.m. and 5 p.m. on Sundays. However, they are not permitted to contact you on public holidays. They are only allowed to get in touch with you up to a total of 3 times in a week after you have had your initial conversation with an agent.

In the province of Ontario, it is legal for a debt collector to get in touch with your friends, relatives, spouse, or neighbors to inquire about your contact information. However, this can only be done if you have given consent in writing or if the individual has pledged payment of your debt. Contact consumer protection authorities and complain about any action that is overboard.

Because your lenders and collection agencies are not required to inform you of your legal rights in this difficult scenario, it is typically up to you to differentiate between reality and fiction in this matter. You are, however, welcome at any time to consult our debt experts about your financial situation. They can assist you in reviewing anything that has been sent to you and provide you with some useful advice regarding the next steps.

Options Available to Avoid Creditors’ Call

Apart from the fact that your account is transferred to a collection agency, it hurts your credit score. It is also stressful and emotionally draining to receive those calls. This is why you will need to devise a means to settle your debt. The good news is that there are a few convenient debt solution options available in Ontario.

• Debt Solutions: You can set up a free consultation with the assistance of a debt expert at EmpireOne Credit Solutions. The appointment is free. Many debt solutions clear out your debt by making one monthly payment until the loan is paid off in full, sometimes stopping all interest payments at once.
• Bankruptcy: There are situations in which filing for bankruptcy is the most effective strategy for dealing with debt and obtaining debt relief. The legal procedure known as “personal bankruptcy” is intended to assist borrowers who have fallen on hard times and are unable to pay back their obligations.
• Consumer Proposal: If you are unable to make payments on time due to a lack of available funds, there are still debt solution options available. A consumer proposal is a legal debt settlement arrangement in which you repay your creditors a portion of what you owe in exchange for the complete cancellation of your financial obligations.

Seek the Assistance of a Professional Debt Expert; We are Here for You!

If you feel overwhelmed with your debt burdens, consult with one of our experienced debt experts. Our consultations are free and strictly confidential.

Your assigned debt expert will go over your entire financial state with you, assist you in developing a budget and give you advice regarding the various alternatives to get out of debt and achieve financial freedom.