The FDCPA does not cover debts incurred in running a business.
Within five days after a debt collector first contacts you, the collector must send you a written notice that tells you the name of the creditor, how much you owe, and what action to take if you believe you do not owe the money.
That way you have the information you need to make an informed decision.
Credit counseling services provide various resources to help solve your money problems.
Yet since bankruptcy has far-reaching and long-lasting results, you should first consider other debt management options.
Bankruptcy information stays on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job.
If you believe you do not owe the money, contact the creditor in writing and send a copy to the collection agency informing them with a letter not to contact you.
If this option is right for you, one of our Debt Settlement Specialists will negotiate with your creditors to accept a one-time lump sum payment.
Our debt settlement programs are highly successful because creditors recognize the Credit Counselling Society as a trusted, reputable non-profit organization.
Our appointments are free and confidential, because nothing should get in the way of getting help with your debts.
Depending on your situation, there are several options our Counsellors will discuss with you.