Tips To End Collection Calls: Tips From 4 Pillars In Victoria

One of the most difficult aspects of falling behind in paying creditors is the constant calls, emails, text messages, and letters demanding payment. Some creditors use a more measured response, first offering to work with individuals in Victoria to make partial payments, to change the payment due date, or even to work on catching up on payments with limited penalties or additional fees.

Other creditors may become more aggressive early in the process. They may turn over debts to a collection agency, and the collection agency begins the process of trying to collect. These types of collection calls can be disturbing and unsettling and are often reported to the debt consultants at 4 Pillars in Victoria from clients.

To help in preventing and ending collection calls, here are some critical tips from 4 Pillars in Victoria:

• Work with the original lender – ideally, working with the original lender before the debt is turned over to a collection agency is the best way to prevent this problem. Address debt directly and do not make the mistake of putting off trying to work with the lender to come to an agreement.

• Understand the process – each province or territory has laws and regulations governing debt collection. In general, the debt collector must first send a letter. Five days after mailing the letter, creditors can begin to call you. If you are not answering or the phone number is not in service, the debt collection agency can contact your employer, friends, or family members, but only to confirm contact information, unless the person contacted is a cosigner to the debt.

• Report harassment – based on the laws for debt collectors in BC, sending a letter to the debt collector reporting the harassment based on the law typically stops the problems. If not, a lawyer can help.

Ideally, working with 4 Pillars in Victoria before debt collectors become involved is the best option. To schedule an appointment, call us today at 866-690-3328.