If you are having credit problems, it is important to know what creditors and collection agencies may and may not do to collect debts.
The state Consumer Protection Act prohibits some debt collection practices. When dealing directly with you, creditors and collection agencies may not:
Call you more than twice for each debt in each 7 day [...]
What are the Differences Between Debt Reduction and Credit Counseling?
In todays world, it is often easy to get in over your head and find yourself spending more than you make. It seems that everything is going up but wages, and it is all too easy to fall behind. As the result, debt incurred and accumulated [...]
If you are a bad credit rating, we have less option to resolve your debt issues. And if you are at the disparate condition to pull yourself out from debt and get rids of all the harassing phone calls from your creditors, there are a few options of debt relief for bad creditors.
Consumer Credit [...]
Debt negotiation is not the same thing as credit counseling or a Debt Management Plan (DMP). It can be very risky and have a long term negative impact on your credit report and, in turn, your ability to get credit. Thats why many states have laws regulating debt negotiation companies and the services they offer. [...]
A DMP alone is not credit counseling, and DMPs are not for everyone. Consider signing on for one of these plans only after a certified credit counselor has spent time thoroughly reviewing your financial situation, and has offered you customized advice on managing your money. Even if a DMP is appropriate for you, a reputable [...]