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FDCPA ( Fair DebtCollection Practices Act). The Fair DebtCollection Practices Act (FDCPA) is a federal law that restricts the behavior of collectionagencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. CreditCounselor.
When your voicemail is filled with messages from collectionagencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. It’s unrealistic in both of these instances to think that you can handle this amount of debt on your own. Debt Settlement.
Credit Counseling Immediate credit impact: None expected Long-term credit impact : None expected A creditcounselor is a professional adviser who helps you manage and repay your debt. Counselors may offer free or low-cost consultations and educational materials.
Creditcounselors help create budgets, offer free educational workshops, and develop plans to repay debts. One example of a credit counseling agency is Consolidated Credit Solutions , a non-profit organization that provides financial counseling and debt relief services. damage to your credit score.
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