Credit card debt can be a major source of stress and anxiety in a person’s life. Unfortunately, it’s all too easy to spend the money but when you’re faced with having to pay those cards off, it’s a whole different matter.
When Debt Collectors Cross the Line Bogus Threats & Illegal Collection Tactics
Discusses common threats and tactics used by debt collectors in violation of the Fair Debt Collection Practices Act. Encourages consumers to take action against collection harassment by filing formal complaints with state Attorneys General or the Federal Trade Commission.
Dont make these seven mistakes when dealing with debt collectors.
Here are seven mistakes people make when dealing with a debt collector. DOn’t you make them.
Fair Debt Collection Practices Act – Know Your Rights As A Debtor
Dealing with creditors and debt collection agencies is always a difficult ordeal. Their annoying and persistence way of tracking you down no matter where you are can be very frustrating for you, your family and even your fellow colleagues…
Your Debts and Debt Collectors
You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a debt collector. A debt collector is any person, other than the creditor, who regularly collects debts owed to others, including lawyers who collect debts on a regular basis. You have the right to be treated fairly by debt collectors.
Fair Debt Collection Practices Act And You
If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor.”