If you?ve fallen behind on a debt, you?ve probably had the displeasure of talking with a debt collection company.? In fairness, not all debt collectors are created equal. Some agencies work with you to resolve indebtedness in a fair and practical manner.? Unfortunately, some collectors are downright shifty. For instance, some collectors threaten to have debtors arrested, or have their children taken from them by protective services.? Outlandish and illegal.
Consumers are protected from abusive collection practices via the Fair Debt Collection Practices Act. ?The Act goes a long way to shield you and I from unscrupulous collectors ? that is if they comply with the law.? To learn more about how some collectors are harassing consumers, please read ?Debt collection horror stories.?? If you are dealing with an abusive collector, you can get some tips on how to approach the situation by viewing our ?How to Deal with ?Ruthless? Bill Collectors? video.
Until Next time, I?m Thom Fox for Cambridge Credit.
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About Cambridge Credit Counseling Corp.
Cambridge Credit Counseling Corp. offers its financial education to consumers throughout the United States. Our experienced staff is dedicated to helping people understand and manage their debts by providing personalized attention and a free, comprehensive review of each consumer?s financial situation. It is our objective that, as consumers become more educated about debt and the impact it can have on their lives, they can apply this knowledge to successfully manage their finances in the future.Source: http://cambridgecredit.wordpress.com/2013/02/06/cant-pay-your-debt-well-arrest-your-dog-and-eat-him/
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