Some of my clients are facing challenging times. Often those challenges are accompanied with accumulating credit card debts. When unpaid credit card accounts end up in creditors hands, expect the following: constant calls, several calls possibly from different creditors for the same debt, creditors calling your employer to locate you, calls from the debt collection agencies. Do not panic! Credit card debts are, most times, without collateral. Your credit score will suffer, but you will live just fine. Forget the embarrassment part – you are not alone. Most of us have experienced this situation. Your interest rate will increase when you apply for loans and it will be harder to get another credit card. We all know how important is to get one, say for example, you are looking to rent a car for that long planned weekend getaway.
Under the Fair Debt Collections Practices Act, it is illegal for debt collectors to do the following:
Contact your employer or neighbors about your debt
Call you late at night or at unreasonable hours.
Call you at work.
Call you repeatedly.
We all know how important is to get one, say for example, you are looking to rent a car for that long planned weekend getaway. The debt that creditors claim you own may not be legitimate, or the interest rates and the settlement they propose is too high. Contact me to find out how to dispute your debts and stop creditors calls.