How do I get my creditors to stop calling me?

Why are my creditors harassing me?

If you’re behind on your bills, it’s normal for collection agencies to be calling you. Your creditors hired them to get as much money as possible back from you. Their employees are often paid commission, so they can be insistent and impatient.

But that doesn’t mean that they have the right to intimidate, threaten or harass you—or call you in the middle of the night! You’ve got enough on your mind, and their attitude won’t fix anything. And remember: you have rights.

How do I get creditors to stop calling me?

SOLUTION 1: Get help from a Licensed Insolvency Trustee

If you haven’t been able to make ends meet for a while, it’s time to reach out to someone who can help. A financial recovery counsellor is the most qualified professional to help get you out of debt.

Your counsellor’s role is to find the best option for you. They also act as an intermediary between you and your creditors, and they’ll get creditors and collection agencies to stop calling you.

Your counsellor can propose several solutions. For example, you could file a consumer proposal or declare bankruptcy. This might all sound scary, but in both cases, it would be the beginning of the end of your money troubles.

SOLUTION 2: Borrowing to settle your debt

Maybe a consumer proposal or bankruptcy isn’t the best way for you to get out of debt. If that’s the case, there are other solutions. You could take out a loan to settle your current debts. This process is also known as debt consolidation. It’s another efficient way to get creditors off your back!

When you consolidate your debt, you take out a bank loan to pay all your debts at once. Then the only thing you need to think about is making one monthly loan payment. Forget having to pay tons of bills and answering calls from collection agencies chasing down payments.

The important thing to remember about this solution is that you need to make sure that the bank offers you a better interest rate and terms than what you already have with your creditors. Otherwise you’ll be losing money.

That said, if you’re interested in this solution, remember that you’ll only be offered a loan if your debt hasn’t already been turned over to a collection agency. If this is the case, financial institutions won’t be so keen to lend you money. But all is not lost. There are other solutions!

I’m confused and I don’t know what to do. Who can help me?

If you’re lost, don’t panic. It’s normal to feel overwhelmed in your situation. The good news is that there are highly competent professionals with years of experience who are available to help. And above all, remember that most people get out of debt when they seek help. So chat with one of our online counsellors or book an appointment. Everyone has the right to respect and dignity. Our professionals are here to support you with sound advice and guidance so you can regain your peace of mind.