If you are like thousands of other Americans, you may find yourself in the undesirable position of being in debt. Some debts may be years old, and others may be more recent. Many people struggle in vein to pay these past and present bills in addition to spending money for daily living expenses. Having to deal with all of these bills is stressful enough without having to put up with unethical and sometimes illegal debt collection practices from lenders. Creditors calling you at all hours of the day, threatening you, and using other unsavory tactics can be stopped by calling a qualified Debt Collection Attorney Richmond.
When you have a professional such as one at Krumbein & Associates PLLC adept at the federal laws protecting consumers from abusive debt collection practices, you can get information that will protect you from debt collectors. Each state also has statutes in place that seek to help consumers avoid harassment. In addition to seeing a competent Debt Collection Attorney Richmond, it’s advisable to educate yourself on credit collection. This includes knowing what a lender can and can’t do in regards to trying to collect money from a debtor.
The Federal Trade Commission is a federal agency that seeks to protect consumers. It enforces the Fair Debt Collection Practices Act. This law prohibits lenders from using abusive and deceptive tactics to collect money from debtors. A debt collector can be a a collection agency, lawyer, or a company that buys old debts to try to collect on them. Personal debts such as credit card bills, auto loans, and mortgages are covered under this act. However, this consumer protection law does not pertain to bills incurred during the operation of a business.
When you talk to a debt collection lawyer, he can help you with predatory lending, mortgages, and credit card defense. Before meeting with this professional, you will need to organize your documents so your visit is productive and efficient. A smart way to organize is to make lists. Doing this will enable you to get your life back on track as you make a fresh start in life.