Few things can cause you more stress than receiving constant calls, texts and emails from your creditors when you fall behind in your payments. While creditors have the right to pursue payment of their accounts, however, they do not have the right to harass you. FindLaw explains that the Fair Debt Collection Practices Act offers you numerous protections. If one or more of your creditors goes beyond what the FDCPA allows, however, you have three basic options as follows: Take informal steps Take formal steps File bankruptcy Informal steps You may wish…Read More
In recent months, a staggering number of people in Maryland and across the U.S. are facing financial hardships due to job loss and other challenges. Many of these people turn to their credit cards in order to buy groceries and pay bills. However, this quickly becomes a crisis for many people who are unable to pay their debts, especially with fees and excessive interest rates. Regrettably, some people are subjected to harassment when creditors bother them and in some instances, this behavior is against the law. Those harassed by debt…Read More
People in the Bethesda area who were once financially secure can suddenly find themselves in the difficult position having to make decisions about what bills to pay and which to put off if a serious life event occurs such as a major illness or job loss. Being forced to make these tough choices is only compounded when debt collectors start calling, demanding payment on what is owed. Fortunately, federal law protects debtors from debt collector harassment and misrepresentation. Under the Fair Debt Collection Practices Act (FDCPA), debt collectors are not permitted to…Read More
