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How to Handle Debt Collectors Debt is a real problem in today’s world and really can make life hard for those that have to deal with it. Because of how many people are suffering under the weight of severe debt, the debt collection business is really booming as of late. A lot of people know that it is not really very fun to deal with debt collectors. Obviously, debt collectors have every right to try and collect on the debt that you owe. What if it so happens that you haven’t paid the debt off because you just can’t yet? You might be shocked to learn that debt collectors actually have specific rules that absolutely must be followed. A lot of people know how stressful it can be to have debt and to be harassed by debt collectors, but many don’t realize what their rights are as they are in that process. The Federal Trade Commission is working to try and educate people about the rights that they have when they have debt in order to prevent abuse by debt collectors. Many people are unaware of the fact that unfair debt collection is something that is happening constantly. Any of the rules that are in place are there so that consumers can be protected if they have debt. Any debt collector out there knows these rules and should only be contacting you when appropriate and only collecting the amount that they are allowed to collect. Misleading statements are one of the more common ways that a debt collector may try to break the rules. Debt collectors are famous for persisting people to pay their debts and this can sometimes include lying or trying to scare you. As sad as it may be, this is especially true for elderly individuals. There are cases in which a debt collector may be extremely rude when trying to get the debt collection, including calling after hours or even trying to contact people that the person in debt may know. None of these actions are permitted and they should not be happening.
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If you want to, you have the right to choose to repay your debts to the lender directly. This is the most foolproof way to stop collections from any debt collector that may be harassing you. Once you create a deal with your lender, they will legally be required to make sure that the debt collectors stop trying to collect from you since they know that they money will be coming directly to them from you. This can be a big relief for anyone. If you file for bankruptcy, you will find that you will also be able to stop the debt collectors in this way.News For This Month: Services