Are you being harassed by creditors who are calling at all hours or sending you letters in the mail every day? Being in debt is bad enough without the harassment that can come from those to whom you owe money. You have the right to stop this harassment, though, and with the right legal help and plan, you can get out of debt, too.
Bankruptcy is not something to enter into without looking at all your options. If you’re considering it simply due to the harassment from creditors, wait before you do something drastic. You may be able to work with your creditors to get a settlement agreement. With some help, you can draft a legal document that binds you and the creditor to a payment agreement, helping you stop the phone calls.
Payment plans are another option you may want to try. Whether you’re facing the IRS’s request for money or need to pay off an overdue credit card that has gone to collections, a payment plan can allow you to have the time you need to catch up. That way, your payments will be manageable, so you won’t have to worry about the cost of paying off your debt taking over your life.
Working with creditors can be frustrating, which is why you may want to consider working with someone familiar with the laws in your state. You don’t need to put up with harassment; your life is about more than debt, and people need to be respectful while you arrange a payment plan that works for your financially. To learn more about your debtor’s rights, please browse our informative website.by