Portfolio Recovery Associates LLC was the topic of last week's blog. If you recall, a woman sued the company because the company's representatives harassed her for a debt she didn't owe and eventually took her to court for the debt. The fact of the matter is that even if you do owe a debt, you still don't have to deal with creditor harassment.
The Fair Debt Collection Practices Act includes a variety of protections for consumers. This act tells creditors how they are allowed to go about collecting a debt. Sadly, some collection agencies don't follow the laws that the act puts into place. With this in mind, it is vital that you understand that you can put a stop to creditor harassment. We can help you put your foot down to protect yourself.
One option that you have if you want to stop debt collection harassment is to file for bankruptcy. When you file for bankruptcy, an automatic stay is issued as long as you listed the debt on your petition. This means that debt collectors are forbidden from contacting you regarding the debt. Once your bankruptcy is completed and debts are discharged, the debt no longer exists and the creditor can't attempt to collect.
We can help you learn about bankruptcy so you can decide if Chapter 7 or Chapter 13 bankruptcy is how you want to handle your financial situation. If you decide one of these options is right for you, we can help you from start to finish to take control of your finances. You don't deserve to be harassed, so take action today to stop the harassment.