Debt Relief Programs – Tips To Find Legitimate Programs For Debt Relief

In spite of your state of affairs, if you are worried over debts and in need or liberation

, you should obtain a free debt relief analysis. This will help you learn what your debt reprieve options are, and it will give you an approximation of what your expected savings could be with debt relief.

Will My Credit Be Hurt?

Most Debt Relief Analysis will not hurt your credit score. However you should be careful about what debt relief programs that you use. Most of these programs can save you money and give you relief. If used correctly most Debt Relief programs can be a god sent if applied properly. Most Debt Relief companies have several plans that you can choose from for your debt relief. They will have specialist who can give you your projected savings, and explain how your credit will be harmed by using their services.

Rules for Debt Collectors

There are laws in place to stop abusive practices by collection agencies. The Fair Debt Collection Practces Act was put in place stop obnoxious, misleading, and unjust debt collection practices by debt collectors. However some times the consumer may not know their rights and this sometimes leads to the consumer taking all types of unnecessary cruelty from collection agencies. Under certain laws you may even be entitle to recover your attorney fees. I have listed below some things that the debt collector can not do.

A debt collector cannot:

Telephone you an unreasonable number of times

Telephone you at an unusual time/ unusual place

Disclose information of your debts to third parties

Use profane or other abusive language

Contact you after written notification that you do not want to be contacted any further

Claim to be affiliated with any governmental organization

Misrepresent the character, amount or legal status of a debt

Threaten of to take any action that cannot be taken legally

Accuse you having committed a crime

Threaten or communicate false credit information

Attempt to collect, until he honors your request to validate

Use deceptive methods to collect debts

Call you before 8:00 a.m. or after 9:00 p.m.

Call you, but not announce who he/she is

Statutes of Limitation

You do not have to reimburse debt that is considered too old by your state. All states have laws governing the time in which an individual or person can file suit to collect a debt. Commonly, a creditor or debt collector gives up his right to file suit to collect a debt after a time of six years from the time the debt was written off.

The purpose of these statutes of limitation is to bring some measure of fairness to the debtor so that the debtor will not have to worry about being sued for the rest of their lives. This doesn't mean that a creditor cannot file suit against you after the statute of limitations has expired; however, if a creditor or debt collector does file suit, you can request the judge to dismiss the suit on the grounds that the statute of limitations has expired. In most cases when the statute of limitations is about to run out on debt you owe suddenly you might start to hear from a collection agency threatening to sue you if you don't pay immediately.

Be Smart When Choosing A Debt Relief Program

When you are choosing a debt relief company you should consider that there are many things you need to be aware of. A lot of companies offering debt payment services are small, and primitive. You also need to keep in mind how long the company has been around. Good companies have a track record of success provide you with an honest assessment of not only the potential benefits, but also the potential downsides of debt settlement for your situation. As a matter of fact debt settlement is not for everyone.

Debt Relief Programs Tips To Find Legitimate Programs For Debt Relief

By: alvin stump

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