| Message |
Author |
 Posted: Sat Feb 09, 2008 4:48 am Subject: what protection do i have against the collection agencies??? |
|
|
my friend is caught up with around 15k of debt and the collection agencies are making her life hell. i had warned her against taking so many loans but she needed the money at that point of time and went ahead with it. because i visit this site quite often i have some knowledge about them but now that the CA is threatening to sue her, i would like some expert advice. thanks in advance!
|
|
laurel188
Joined: 16 Jan 2008
Posts: 110
Debtcc Points: 2507
|
|
|
| Posted: Sat Feb 09, 2008 4:56 am Subject: |
|
|
hi laurel! yes, i understand that people can take drastic steps when they need money, and the worst that can happen is falling into a trap of debts. you and your friend must be really worried. you can follow up on an article in this site which is quite detailed and tells you upon the rules and regulations that a collection agency is bound to follow. in that case if you find that the CA is harassing you unnecessarily then you can act accordingly. Good Luck!
http://www.debtconsolidationcare.com/collection-agency/faqs.html
|
|
bethany_hlms
Joined: 28 Aug 2007
Posts: 19
Debtcc Points: 580
|
|
|
| Posted: Sat Feb 09, 2008 10:45 am Subject: |
|
|
Were these debts PDL (payday loans?) Many of those, especially the internet ones, operate illegally. If this is the case, you should check out the payday loan forums here on the site, it is a wonderful resource for this type of debt!
_________________
Check out my credit repair blog. http://goldenbast.yesdebtfree.org/
|
|
goldenbast
Joined: 21 Aug 2007
Posts: 1109
Debtcc Points: 15552
|
|
|
| Posted: Sat Feb 09, 2008 11:01 am Subject: |
|
|
Sorry to hear about your friend's situation. I think many of us here are or have been in the same situation. Please take the advice above because CA's will try to do these awful things in hopes that the person is not educated in the law and do something out of fear.
Tell your friend to hang in there. It does get better over time. I too am in debt way over my head but am slowly paying it down. Hope this helps.
|
|
spatterson_40
Joined: 04 Jan 2008
Posts: 380
Debtcc Points: 4299
|
|
|
