Debt collectors are known to employ some shady tactics. From verbal intimidation over the phone, to mailing documents that look like official court papers and more. Debt collection agencies purchase old debt for much less than it’s original value. The sooner they can get paid, the better. This is why not all agencies follow laws in place to protect consumers. As a matter of fact, shady debt collectors will try every trick in the book to get you to pay up.
The U.S. and Wisconsin have laws that protect you, the consumer. Individuals have legal rights pertaining to debt collectors and their debt collection practices. When those rights are violated, Debt Advisors helps you sue for monetary compensation.
FDCPA VIOLATIONS
Under the federal Fair Debt Collection Practices Act (FDCPA), debt collectors in violation may be sued for:
Actions Prohibited by State and Federal Laws:
Certainly taking a debt collector to court is an option, but it may not be the best course of action for everyone. Pursuing a debt collector doesn’t erase the total debt owed. The best way to keep debt collectors at bay is to declare bankruptcy. As soon as the bankruptcy filing is made, a court order (called an automatic stay) comes into effect. This automatic stay is to stop creditors or their collection agencies from contacting the debtor without permission of the bankruptcy court.
When debt collectors continue to bother you after bankruptcy, contact us . We’ll help you sue for monetary compensation.
The average American household has more than $100,000 in debt. While bankruptcy often emerges as a well-known option, it’s not the only path available for debt relief. Debt Management Plans (DMP..
READ MORE
In August 2021, about 64 million people with a credit record (approximately 28% of Americans) had debt in collections on their credit report. Although the experience of debt collection is not unusua..
READ MORE