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If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debtmanagement agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?
Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the FairDebtCollection Practices Act (FDCPA).
FDCPA ( FairDebtCollection Practices Act). The FairDebtCollection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. DebtSettlement Services. Credit Counselor.
Regulations around debtcollection are strict, and experts from no cure no pay debtcollection UK are here to help you navigate these waters. In this post, we will explore the rights and regulations governing debtcollection in the UK. Dispute Unrecognised Debts: If you do not recognise a debt, dispute it.
That’s right – pre-suit collection efforts are a common practice, and they’re worth understanding. In the UK, cash collection services can take several forms, including phone calls and letters requesting payment, negotiating a payment plan, or even offering debtsettlement options.
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