In today's world credit cards have become so popular that people generally use them for shopping but many times this debt becomes so huge that people fail to clear the debt on time. As a result the credit card companies use all sorts of ways to collect the debt. Many times they use unfair methods as well and cause harm to the debtor. This problem is increasing day by day. Although, you are unable to pay the debt but you must protect yourself from the Credit Card Harassment. You must not allow them to force you, threaten you, disrespect you or insult you in any manner. Therefore, the only way to protect you from the offensive and harsh treatment of the creditors is by settling the credit card debt.
There may be many reasons why you could not pay your debts like illness, loss of job or others. Another reason for not paying your debts could be mismanagement of your funds. However, it is important to note that when you have a debt, it is your responsibility to repay it. Therefore, whatever the reason may be, you will have to pay back your debts. The credit card companies just want their money back and they use all sorts of ways to collect the debt. So, the best option is to settle your debts in order to avoid Credit Card Harassment.
If you take the decision to settle your debts then you must do proper research about the debt solutions available in the market. Settling debt is not an easy decision especially when you do not have enough resources to pay your credit card loan. However, there are many agencies which provide debt counseling or you can contact a debt advisor to help you in settling your debt so that you do not have to face Credit Card Harassment any more.
It is quite reasonable that the debt collectors in order to get their money back try to use various methods. But they should not use unethical and offensive methods to collect their debt. Therefore, there should be a regulatory body to control them and Fair Debt Collection Practices act is such a body which provides debt collectors guidance and code of conduct. The act protects the interests of the debtors and takes actions against the debt collectors if they harass or insult the debtors. However, it is not that the act only looks after the rights of the debtors; the Fair Debt Collection Practices act also helps the debt collectors in collecting their debt if they use right and ethical methods. The debt collectors have to follow the rules laid down in the act otherwise legal action can be taken against them.
According to the Fair Debt Collection Practices act the debt collector who is looking for a debtor is required to identify himself by name. The debt collectors are not allowed to communicate with the debtors at odd hours or any unusual place.
Hence, in order to protect the debtors from Credit Card Harassment there is Fair Debt Collection Practices act but they should not forget that settling debt timely is the only way to avoid such inconveniences.
Austin Aims has a good knowledge on Social Security Disability and Disability Lawyer . For more information please visit http://www.consumerlawfirmcenter.com/
No comments:
Post a Comment