How To Stop Debt Letters

Throughout this article we look to explore how you can stop debt letters turning up on your doorstep.

Debt collection letters can be quite terrifying especially when it’s delivered through your letter box.

If you do receive one, there are a number of things you can do with it.

While it is a cause for concern, there’s really no need to worry.

There are many steps you can take to regain your peace of mind and stop feeling as though you’re constantly being chased.

As we read on, we’ll explore some of the options available to you and how you can go about putting a stop to debt letters.

What Are Debt Letters?

Debt letters typically take one of two forms.

The first is a letter from your creditor, often referred to as a ‘warning letter’.

This will be the first indication you have that you’re in debt and it might include important information.

Often expanding on the steps the creditor plans to take if you don’t start making repayments.

The second type of debt letter is from a debt collector and this is usually the final step before legal action is taken.

The aim of this type of letter is to get you to start repaying your debt and will often threaten legal action if repayment doesn’t commence immediately.

While either type of letter can be worrying, it’s important to remember that you havea number of rights.

Can I Stop Debt Letters?

There’s a lot of discussion on the internet about whether you can stop debt letters.

The answer to this question is a little complicated as it depends on your individual circumstances.

In some cases, you can stop debt collectors from contacting you but in other cases they have a legal right to continue doing so.

If you’re unsure what your rights are, it’s best to speak to an experienced debt advisor or lawyer.

Or you can seek professional help.

If you’re unsure as to where to start and feel like you need someone to give you a helping hand and begin taking control of your financial situation.

How To Stop Debt Collection Letters

If you’re struggling to make ends meet, one of the last things you need is debt collectors hounding you for money.

But what can you do if you start receiving letters from them?

Here are a few tips on how to stop debt collection letters:

Don’t ignore them.

This will only make the situation worse and could lead to legal action.

Talk to your creditors.

If you can’t afford to repay your debts, try negotiating a repayment plan with your creditors.

They may be more willing to work with you than a debt collector.

Get professional help.

If the thought of dealing with debt collectors terrifies you, or if you don’t know where to start, get professional help.

A debt advisor can help you negotiate with your creditors and come up with a repayment plan.

Seek legal advice.

If you feel like the debt collectors are harassing you, or if you think they’re breaking the law, seek legal advice.

A lawyer can advise you on your rights and help protect you from any legal action that may be taken against you.

While there are a number of things you can do to stop debt letters, the best option is always to try and repay your debts as soon as possible.

But that’s not possible for everyone.

Is Ignoring a Letter I Got from a Debt Collector a Good Idea?

It’s never a good idea to ignore any contact from a debt collector.

It’s certainly appealing, but I can tell you that if you ignore a debt collector’s correspondence, chances are you’ll look back with regret.

It can be a very intimidating process having to face your finances like this.

But at some point action has to be taken.

It May Cause Your Debt to Grow

Interest and fees will continue to accrue on your debt, making it harder to repay.

If you ignore a debt collector’s letters, they may eventually take legal action against you.

This could result in wage garnishment, seizure of assets, or even jail time.

Furthermore, ignoring letters from people trying to collect debt from you can also make your debt grow.

You’re depriving yourself of important information by not reading the mail that your creditors send you.

You may be able to take care of your debt if you just read the letter that you’ve received.

So, if you’re still wondering whether or not to ignore a debt collector’s letter, the answer is no.

It may be difficult, but it is important to face your debt head-on and take action.

If you need help, there are plenty of resources available to you, including professionals who can guide you.

At Consumer Debt Help we can give you the helping hand you need to get started.

How To Deal With Your Creditors When They’re Sending You Letters

Creditors reaching out can have its benefits.

Life can get busy and it’s common to forget about payments you need to make.

As we briefly touched on before, the letters often come in a sequence of severity.

Meaning if this is the first letter you have received, often it will just be a friendly reminder.

Take the opportunity whilst you can.

Get ahead and start planning how you will pay off the debt you owe.

Yes it can be a daunting process but its essential you carry a positive and optimistic mindset.

In most cases the secret to getting your finances straight it simply just starting.

Action is going to have to be taken at some point.

Get started whilst you’re ahead.

What You Need To Do

The sooner you face your creditors the better.

If you fail to take action the letters, missed phone calls and messages will quickly start to stack up.

It can be frightening facing problems like these alone.

It should never feel this way.

At consumer debt help we help walk you through ways you can become debt free.

Sometimes all you need is someone to point you in the right direction.

Start today

Use our verification tool to see if you qualify for help today.

You might even be able to write off a percentage of your debt.

We will explore all options with you.