Monday, February 2, 2009

You Can Stop Creditor Harassment

Many people make the cardinal mistake of negotiating with debt collectors, allowing debt collectors to antagonize and fool them with intimidation tactics. But this jeopardizes the the negotiations of a professional debt negotiator in getting you a good settlement.

The collection calls also get nastier on collection accounts because debt collectors know there's a lesser chance of collecting. Working on a “commission basis” also pressures many debt collectors to use abusive collection tactics. Consequently, many debt collectors who engage in such collection practices frequently break the law.

A debt collector may make false threats to force you to pay them. They may threaten to incarcerate you, or take away your home. They may say that they do not work with debt settlement companies. But the Fair Debt Collection Practices Act (FDCPA) gives you many rights to help you counteract illegal collection practices. Knowing your consumer rights is essential. Get informed!

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