#IS DIGITAL WORKS ONLY AVAILABLE IN CERTAIN STATES FULL#
First Contact: During the initial contact, the debt collection agency should tell you who they are, the purpose of the call, the creditor represented, the full amount owed, and content information.and 9 p.m., and the collectors are not allowed to contact you at work.
Communication Restrictions: Debt collectors are not allowed to contact debtors at an unusual place or time.This law does not apply to business debt. The FDCPA covers personal debts, including credit cards, mortgages, medical debts, and other personal loans. The purpose is to give creditors the right to be treated respectfully and fairly in the debt collection process. These federal regulations set strict rules for creditors and debt collection agencies to ensure that they don’t resort to harassment, deceptive, unfair, or abusive measures to collect the debts that are owed. The Fair Debt Collection Practices Act (FDCPA) is designed to provide the protection consumers need. Our debt settlement services are offered throughout the United States but are not available in Connecticut, New Hampshire, Vermont, Oregon, Kansas, South Carolina, Maine, and West Virginia. Our specialists work through all your accounts by reaching out to the creditors to reduce the overall amount of debt owed – giving you a clean slate so you can get back on the path to financial independence. It is common for many debtors to be caught in the cycle of minimum payments or missed payments that make it feel impossible to ever pay the debts in full.ĭebt settlement is a form of debt consolidation that can be used to help consumers get out of debt.
Debt Consolidation in Your Stateĭebt consolidation programs provide a stress-free way to negotiate the payoff amounts and help debtors achieve financial freedom as quickly as possible. While most states follow the federal regulations for debt regulation, there are certain exceptions and unique details regarding the way debt collection is managed. Federal laws are in place to ensure fair practices for debt consolidation and debt collection. Consumers often don’t know how many options they have as they try to get out of debt and they might experience harassment from debt collection agencies, which is why consumer protection debt laws have been established.Ĭonsumer rights vary based on location. Over time, the financial pressures mount, and families face increasing hardship keeping up when the debt bills are due. Most households in the United States have consumer debt, making it hard to keep up with ongoing living expenses.