There are two different scenarios that can happen to trigger payday loan harassment and there should be steps to stop payday loan harassment. If you have taken out the loan and not repaying it the lenders may harass you or you may have never touched a payday loan, but scam artists claiming to be payday loan companies are harassing you.
For these types situation, you can take steps to deal with the harassment.
If you have borrow money from payday loan company, the company and any associated debt collectors are limited by the Fair Debt Collection Practices Act in how they can call you. A debt collector isn’t legally allowed to repeatedly call and harass you. He can’t arbitrarily inflate your debt or threaten to do so, with the exception of the interest that you agreed to owe. He can’t threaten to put you in jail, and he can’t call before 8 a.m. or after 9 p.m. He also can’t call you at work if you’ve asked him not to do so.
Stopping the Phone Calls to stop payday loan harassment
If you’re getting to many phone calls about a payday loan debt that you owe, you can send a cease-communication letter to the payday loan company or its debt collection company, and the calls have to stop. The letter can say something simple like, “Don’t call me at work or home. Please send a letter if you need to contact me.
Dealing With Calls from Suspected Scammers
If you suspect a payday loan call is a scam, ask for written verification of your debt. The FDCPA requires loan companies and debt collectors to put this information in writing. In addition, you can ask for the payday company’s phone number and the name of a manager.
Don’t Be panicked by Threats
Payday loan collectors aren’t legally allowed to threaten you and you can stop payday loan harassment. If a caller threatens a lawsuit, ask for the case number and the name of the court where the suit’s been filed.