The last thing you want is to end up in court for money owed, but you are unsure if you should pay the collections agency directly or if you can even afford to make any kind of payments. So, how should you deal with collections after your creditor has turned over a past due account?
When you start receiving collection calls or your mailbox begins to fill with collection letters, you may wonder about the legitimacy of the debt collector and the legality of their collection efforts.
The bad news? Yes, your creditors can place a lien on your property. The good news? They can’t just arbitrarily declare an ownership interest in your home without turning to the legal process.
If you are facing a debt collection lawsuit, it can be nerve-wracking and stressful. But the court’s involvement does not need to be scary. In fact, sorting out your financial obligation to a creditor in court can sometimes even work in your favor.
So, how do you know if the bill collector can satisfy the requirements of the FDCPA to collect the debt they are asking you to pay? The key is a debt validation letter.
Facing wage garnishment is stressful, but the key is to remain calm. While it may pose a temporary financial challenge, it is possible to rebuild your credit and to return to firm financial footing sooner than you may think.
It’s natural to panic when your accounts have been sent to collections, but there’s no need to fear: Here are the steps you can take to negotiate a settlement with your collections agency.
Did you know that you have specific rights as a consumer? Read more about FDCPA and specific ways the law guarantees your privacy rights as a debtor.