Since many debtors have taken to screening their phone calls at home to cut down on the unyielding barrage, debt collectors often call at work when they can obtain an office number.
A description of your rights under The Fair Debt Collection Practices Act may be obtained directly from the FTC.
However, numerous other public laws guard consumers from deceptive or abusive collection methods even by original creditors, and many states also have laws that parallel the FDCPA but go further and include original creditors in the definition of debt collector.
Educate yourself on your rights as a consumer, vigorously dispute debts that you do not believe you owe, and see if you can take action yourself in the form of complaints to your Attorney General and the Federal Trade Commission.
With any legal matter, at all times consult with an attorney.
By standing up for your rights, you can put a stop to bogus threats and prohibited collection tactics.
Settle unsecured debts for less than half of amount owed.
Make sure you are able to speak with your debt negotiator whenever you want and then negotiate mutually satisfactory settlements! Hopefully they will let you approve the final settlements and then they should advise you as to what is the best path to take based on your unique situation.
Ask the agent if their services are backed by a guarantee.
When implemented appropriately, a written guarantee can improve service quality, and client satisfaction.
Watch out for a number of credit card debt settlement companies that just want to make as much money as possible from you without any real regard for your best interests! If you have over $10,000.
in unsecured debt, and your money is getting tight, consider seeking help with your debt.
Start by reading some debt relief company reviews.