Are you feeling the mounting pressure of collection agencies contacting you daily regarding outstanding debts? The stress caused by collection agencies constantly contacting you can interfere with your job and daily life. This level of stress may cause you to lose sleep and suffer anxiety avoiding these phone calls. If so, you may want to consider bankruptcy as an option. A bankruptcy law attorney can help stop collection agencies from contacting you.
If you or someone you love is feeling harassed by collection agencies calling all the time, our bankruptcy law attorneys can help stop the phone calls. Contact a bankruptcy lawyer in your area to learn how.
Things collections are not allowed to do:
Once you are behind on a bill, you may start getting phone calls from a debt collection agency. In some cases, these debt collection agencies are persistent to the point of ruthless in their pursuit of financial payback. Debt collection companies are so aggressive because they are paid a percentage of what they collect for the company that hired them. For example, if you owe Department Store X $3000, and they turn you debt over to a collection agency, the collection agency may get as much as 30% of the money they collect from you.
You can stop collection calls and a bankruptcy lawyer can help. First, start keeping track of the calls you get and what is said. Record dates and times they call, as well as anything specific they say to you. This may include them getting aggressive, using inappropriate language, calling you names, or threatening you with legal action if you do not pay the bill. Once you have a record of your contact with the collection agency, contact a bankruptcy law attorney and share with them the notes you have collected. They will be able to determine if the collection agency has violated the Fair Debt Collection Practices Act (FDCPA).
Have you or someone you care about stopped answering the phone for fear it is another collection call? Our bankruptcy law attorneys can help you stop harassment from collection agencies. Contact a bankruptcy lawyer in your area to get started.
Did you know?
A collection agency can collect as much as 50% of the debt they are working to collect.
Collection fees of 40% to 50% are more common when the agency decides to get a lawyer involved.