123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Undergoing The Debt Settlement Process - Knowing Your Rights

Profile Picture
By Author: J.J. Yong
Total Articles: 963
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Having debts is unfortunate and unavoidable. You mustn't run away from debt because it will make your situation worse. If you have decided to overcome your debt issues through debt settlement, I would like to share with you some important information related to your rights as a debtor.

First thing first, you should be aware that you are protected under the Fair Debt Collection Practices Act. All the debt collection matters are regulated by this act. If you have accumulated a large sum of debt, it is for sure that you have received many non stop phone calls from your creditors. Are you aware that the collection calls can only be made between 8.00am and 9.00pm? Moreover, if you are currently working, the creditors are not supposed to contact you during working hours. If your creditors call within the period of time, you can inform them that your employer prohibits such phone calls.

Once you have decided to appoint an attorney or a debt settlement company to handle your debt issues, you must NOTIFY your creditors or debt collection agents. You can inform them through phone or in writing. Let the creditors know that ...
... you have got third party to represent you on your behalf. Once the creditors are made aware of this matter, they are not allowed to contact you directly. All the communications with the creditors will be handled by your attorney or the service provider. You don't need to bother how the negotiation is done between the settlement company and your creditors. You just need to deal directly with the service provider and ask the representative to update you the progress of negotiation. You will definitely have a peaceful mind in life.

Knowing your rights as a debtor is indeed important because you should not let the creditors to take advantage on you. Don't be scared when you are threatened by them.
For more information about debt settlement companies and online debt settlement, visit DebtSettlementEssentials.com.

Total Views: 233Word Count: 332See All articles From Author

Add Comment

Business Articles

1. Stem-xpert At Web Summit Qatar 2025, Pursuing Innovative Solutions In Stem-as-a-service
Author: stem-xpert

2. Deepseek’s Rapid Rise: Disrupting The Ai Market Amid Controversy
Author: Iconic success

3. Reimagining Customer Services With Microsoft Dynamics 365 Implementation
Author: Maria

4. Upcoming Developments In Ss Flanges: Possible Effects On Different Industries
Author: Neelam Forge India

5. Mg Hector 5 Seater Price In Chennai: A Detailed Review
Author: balaji

6. Mg Hector Ev Price In Chennai: A Comprehensive Overview
Author: balaji

7. Spring Marketing Trends: How Print And Video Can Refresh Your Brand
Author: Devin Herz

8. Auto Transport Services In South Carolina
Author: Secure Car Shipping

9. Authentication Of Australian Certificates In Canada: A Complete Guide
Author: anzilanx

10. Low Maintenance Plants For Home Landscaping
Author: Apunga Landscapes

11. The Ultimate Guide To Rocking Chairs – Comfort, Style, And Elegance
Author: tushar

12. Bioethanol Market Size Insights Forecast 2024-2030
Author: Nilam Jadhav

13. Touffy Fabric Upholstered Rocking Chair – The Perfect Blend Of Comfort And Elegance
Author: tushar

14. Maximizing Efficiency: Why Small Businesses Should Outsource Bookkeeping And Financial Services
Author: KMK Ventures Pvt Ltd

15. Big Patient Data And The Future Of Real World Evidence: Learnings From Biotechx 2024
Author: Industry Chronicle

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: