There are laws that govern what debt collection agencies can and cannot do in their attempts to collect debt from you. If a debt collection agency violates one of these rules -- especially if it violates it repeatedly -- borrowers may be able to pursue legal claims against the agency. Here is a list of the actions that a debt collection company is prohibited from doing:
The 3 rules of credit card debt elimination
If you've had credit card debt that's been hovering around you for years, there's obviously something you're not doing right in order to eliminate it. If you want to finally get that debt under control, there are three rules you should keep in mind:
Stop wage garnishment by creditors
If you don't pay your loan payments and other bills, and when you get significantly behind financially, your creditors may file a lawsuit to garnish your wages as a way of getting paid for the money you owe. In many situations, a Washington court will grant the request to garnish your wages.
Want to get out of credit card debt? Stop doing this
Some King County residents spend their entire lives chasing after their credit card debt. It's a problem that many Americans are facing as our nation's credit card debt remains exorbitantly high. In fact, can you believe that the average American family holds credit card debt amounting to over $8,377?
