Company consolidating debt
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.A debt collector may not: Report any problems you have with a debt collection company to your State Attorney General's Office, the Federal Trade Commission (FTC), and the Consumer Financial Protection Bureau (CFPB).
To decide if debt consolidation is right for you, contact a credit counseling service accredited with either of these organizations: If you have a problem with a lender concerning debt consolidation, you should first contact the lender.National Debt Relief focuses on helping individuals and families get out of debt and avoid bankruptcy.Freedom Debt Relief is a credit advocacy company founded in 2002 by Stanford Business School graduates.The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.The Act covers personal, family, and household debts.Credit counseling services provide various resources to help solve your money problems.
From starting a budget to educational programs on money management, counselors discuss your entire financial situation and help you develop a personalized plan.
Freedom Debt Relief employs over 1,300 people who work with over 300,000 clients to help them reduce debt.
Cambridge Credit Counseling is a non-profit credit and housing counseling agency that was founded in 1996.
Remember to seek independent financial and legal advice from a qualified person before entering into any binding financial transactions.
The debt consolidation industry offers solutions to combine multiple debts, such as credit card bills, home loans, or other loans into one monthly payment.
You can find free or low-cost credit counseling options at: Under the provisions of the Servicemembers Civil Relief Act (SCRA), you may qualify for a reduced interest rate on mortgage payments or credit card debt, protection from eviction, or a delay of all civil court actions, such as bankruptcy, foreclosure, or divorce proceedings.