Debt Collection - Your Rights ...

        

Debt Collection

If you are receiving calls and letters from third-party debt collectors, understand your rights under the Fair Debt Collection Practices Act.


 Debt collectors may not:

 

Debt Consolidation

Companies may promise to “erase” your debt, reduce your interest rate, or improve your credit score. These claims are often bogus, and most will charge you for services you could do yourself for free.

 

Questions to ask debt consolidation organizations:

If you need help managing your debt contact your creditors directly. Explain your situation to them and try to arrange a payment plan. You can also contact a nonprofit credit counseling agency for help.