debt collection

Know Your Rights Under the Fair Debt Collection Practices Act (FDCPA)

When you have outstanding debt, you often get calls from collection agents who are tasked with getting you to repay the money you owe. These people have a difficult job – it can be stressful to locate individuals with debt to hunt down the money their companies have the right to collect, whether they are the original lenders or they have purchased the debt from them. But sometimes, these calls can become unbearable.
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Automatic Stays in Illinois Bankruptcies

With the recession creating financial difficulties for many families, some Illinois residents decide to file for bankruptcy due to sudden loss of income or the potential for their home to foreclose. If you’re bothered d by incessant phone calls and emails from creditors, filing for bankruptcy can be a good option.
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Avoiding Debt Collection Scams

It’s common for those end up filing for bankruptcy to endure months (or years) of calls and letters from debt collectors prior to making the decision to file for bankruptcy. While lenders are allowed to partake in legal debt collection efforts, the Fair Debt Collection Practices Act establishes rules which must be followed by debt collectors. For instance, debt collectors shouldn’t engage in threatening or intimidating behavior, and if the borrower asks for written proof of their debt, it must be provided.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com