Millions of Americans are contacted by debt collectors each year.  State and federal agencies are receiving more complaints about unfair or deceptive practices than any other part of the consumer financial system. 

When Accumulation of Debt Becomes Problematic

Families with children under eighteen, those without health insurance, and those that have experienced more than two months of unemployment are more likely to hold a credit card balance.  (COVID-19 has exasperated this problem.) Once any type of debt becomes overdue, the very companies that extended credit and asked for your business will become focused on collections.  If the company is not successful in obtaining payment for past due amounts, or if a payment plan has not been established, they may hire a third-party “debt buyer agency” to collect for a percentage of the original debt value.

Wisconsin Has Consumer Rights

If a third-party debt collection agency is contacting you on behalf of a creditor, it can be helpful to know the statute of limitation that applies to your specific debts. If the statute of limitation has expired, a debt collector cannot sue to collect.  Any debtor has the right to obtain “verification” of the debt and to dispute it.  This and other laws are part of “The Fair Debt Collection Practices Act.”   The FDCPA and the Wisconsin Consumer Act has protected Wisconsin consumers from abusive and harassing debt collection tactics for more than forty years. The sooner you speak to an attorney about your particular situation, the sooner the calls can stop, and the sooner you can get back to living peacefully again.

Violations Considered Debt Collector Abuse

There are many examples of debt collector abuse that are considered FDCPA violations.  For example, collectors must identify themselves and accurately identify the agency that they represent.  They cannot ask you to pay more than what is owed, threaten, or use profanity or violence.  They can’t ask for interest, fees or expenses that are not allowed by law, or call repeatedly or before 8:00 a.m. or after 9:00 p.m.  If any other violation of the FDCPA occurs, consumers have the right to sue the debt collector for damages.

Debt Collector Defense

Once a creditor or a debt collector begins to contact you, keep records of each call including caller name and other important details.  Save all mail and emails, and ask them not to call you at work.  If you decide at some point to sue creditors for harassment, your records will be a valuable asset.  Next, contact an attorney who is familiar with Wisconsin debt collection laws and the elimination of debt.

Seek Advice From a Debt Lawyer

Feeling that you have been harassed or deceived by a debt collector is a justifiable reason to seek the advice of an attorney.  Debt Advisors Law Offices offers a free consultation with a lawyer to discuss your experiences, financial circumstances, and options such as an “automatic stay” to stop harassment calls immediately.   Chapter 7 bankruptcy and Chapter 13 bankruptcy have helped thousands of Wisconsin Residents get back on their feet after a tough financial crisis.  The lawyers at Debt Advisors will be upfront and honest regarding whether or not the bankruptcy process is right for you.

Understanding the intricacies of bankruptcy laws can be challenging. By visiting  their Madison, WI office you can gain insights into the latest garnishment rules that protect social security and other essential regulations. Their team possesses expertise in bankruptcy laws, ensuring that you’re informed about potential risks, such as those associated with Build America Bonds.

Learn about bankruptcy protections, types of bankruptcy, how to get started, what to expect, and who to trust. Filing bankruptcy is the ONLY way to completely eliminate debt. If bankruptcy is right for you, it offers powerful protections that cannot be achieved through alternative solutions such as hardship relief, loans, or debt settlement.

  • Exceptional service. The entire team was friendly and knowledgeable. The attorney took his time to walk me through step by step. I will recommend this law office to anyone!

    J Burks

  • I went through Debt Advisors as a referral by a friend. I am very happy I did so. The staff that I worked with were very helpful and showed a high level of professionalism. They were always able to answer any questions that I had. I was very happy with the attorney that I worked with, Michael Georg. Very professional.

    Terri Grote

  • Attorney Chad Schomburg and Debt Advisors helped me with my debt about three years ago. Chad explained the process to me and answered any questions I had, and the assistants compiled my documentation very efficiently while keeping my case moving forward. They were always available when I needed them, and even years later, I’m able to reach out to them, and they are willing to help. They have turned my life around 100%, and I could not have done it without them! Absolutely recommended!

    Tim Harris

  • They were there for my family from day 1 until the end, 5 years later (Ch. 13). Whenever I had questions or concerns they were always very responsive and gave me excellent advice. Michael and Jeremy are both exceptional bankruptcy attorneys. I highly recommend Debt Advisors.

    Steve

  • After I had to go on disability, I used my credit cards a lot more thinking I could pay them off when I was able to go back to work. That didn’t happen and I found myself so much worse off than I could handle. I went to Debt Advisors feeling terrible about what I had to do. Chad and everyone there were very understanding and put my mind at ease while taking such great care of me. They were there every step of the way and supported me when I was “freaking out”!! Every time I needed to contact them; their response time was amazing!! God forbid I ever need to go through this again, but I know where to turn if I need help! Debt Advisors are more than just filing bankruptcy on my behalf. They really care about what you are going through!! Thank you, Chad, Jeremy, Mike, and everyone at Debt Advisors!! I cannot tell you enough how much I appreciate all of you!! J Hammond

    Steve

  • After I had to go on disability, I used my credit cards a lot more thinking I could pay them off when I was able to go back to work. That didn’t happen and I found myself so much worse off than I could handle. I went to Debt Advisors feeling terrible about what I had to do. Chad and everyone there were very understanding and put my mind at ease while taking such great care of me. They were there every step of the way and supported me when I was “freaking out”!! Every time I needed to contact them; their response time was amazing!! God forbid I ever need to go through this again, but I know where to turn if I need help! Debt Advisors are more than just filing bankruptcy on my behalf. They really care about what you are going through!! Thank you, Chad, Jeremy, Mike, and everyone at Debt Advisors!! I cannot tell you enough how much I appreciate all of you!! J Hammond

    J Hammond

  • Chad Schomburg and his Staff did a phenomenal job for me and in an expeditious manner. I’ve recommend countless clients to Chad Schomburg, Wow!!! Outstanding customer service from the Schomburg office:)

    Lisa Williamson