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Can I Sue a Company for Sending Me to Collections?

Credit Corp

Some of those laws also cover your rights as a consumer to fair debt collection practices. A few of the laws that might come into play are as follows: The Fair Credit Report Act ensures your right to an accurate consumer credit profile. It obligates companies to report truthful information on your credit report.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. They can refer you to counselors in your area that provide financial reviews and help you determine a plan for dealing with your debt. Debt Settlement Services.

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Does Debt Relief Hurt Your Credit?

Credit Corp

Debt relief won’t hurt your credit alone. Debt relief and debt settlement options don’t hurt your credit score on their own. These programs aim to help reduce your debt and if that debt is revolving credit, it can reduce your credit utilization and improve your credit.

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. According to the Consumer Financial Protection Bureau “a U.S. ” “Freedom took advantage of vulnerable consumers who turned to the company for help getting out of debt,” said CFPB Director Richard Cordray. .”

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Credit Score & Credit Report: File a Dispute to Fix Errors

Nexa Collect

If you’re not in the habit of checking your credit score every month, you can hire a credit monitoring company to do the tracking for you. To that end, the three consumer credit reporting companies, TransUnion, Equifax and Experian, offer extensive information and assistance to pinpoint the problem on their websites.

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FAQs About Debt Management Plans

Debt Guru

How do I choose a debt management agency? The Federal Trade Commission recommends finding a reputable credit counseling organization that uses certified counselors trained in consumer credit and debt management. Bankruptcy can be a potential option when you’re totally overwhelmed by your debt.

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Freedom Debt Relief Review

Better Credit Blog

It’s also a platinum member of the International Association of Professional Debt Arbitrators. Focused on protecting and helping consumers. In 2010, the company helped to establish Federal Trade Commission rules to ban abusive debt settlement practices and protect consumers.