Janet wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
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“Dear Steve,
Married with no dependents & in over our heads – we are going to a lawyer soon about bankruptcy – there is no other way – I am horrible depressed – talked to a few creditors & all they want to do is stop one payment no matter that I tell them the following month we would be no further ahead with that solution.
I was told to stop putting “good money to bad” by making payments to them when bankruptcy is right around the corner so we stopped now what do I tell them when they call about the late payments (one month so far)? How do I get them to stop calling work & calling at 7 in the AM?
Janet”
The Answer:
Dear Janet,
The sooner you file bankruptcy, the faster this will be over. Once you file bankruptcy you will get a case number from the court. The next time your creditors call, advise them you have filed bankruptcy and give them the case number. Tell them at that time that any further communications on the debt in question should be directed to the office of your bankruptcy attorney. In the meantime you can advise any collector that calls the office that “my employer does not permit these types of calls at work”. That key phrase will stop some collectors from calling work again.
If your filing is imminent it does not make any sense to send any more payments to your creditors.
It sure sounds like you wanted to make arrangements to repay your debt in a reasonable and affordable way but creditors just don’t seem to want people to do this. The terms they generally extend to people in trouble and weak and half-hearted most of the time.
