Are you aware of the benefits of debt management plan?
Debt management plan can be beneficial for you if you’re struggling to keep up with your monthly payment. The credit counselors associated with the debt management companies can help to negotiate with the creditors to lower the monthly payment. The counselor may determine a budget plan after reviewing your financial situation. He may conduct a credit
Fair Debt Collection Practices Act USA
There is abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors. Abusive debt collection practices contribute to the number of personal bankruptcies, to marital instability, to the loss of jobs, and to invasions of individual privacy. Existing laws and procedures for redressing these injuries are inadequate to
Debt collection practice in California
From the year 1977 California had certain laws that protected the interest of consumers from unethical practices of unscrupulous debt collectors. Rosenthal Act was initiated in 1977 which is now strengthening Fair Debt Collection Practices Act in California. These laws regulate the methodologies of both original and secondary debt collection practices. They lay down strict instruction and