Creditors can be very persistent in their collection efforts. Many even go to extremes by contacting you several times a day or by cell phone. They can be intimidating and some have made threats or used abusive language in efforts to collect on a debt. Fortunately, you have rights that can protect you against such actions.
The Federal Trade Commission is a government agency that regulates lending and debt collection practices. The FTC website offers a variety of information for consumers to educate them about their rights, as well as provide consumers with the tools they need to protect themselves against abusive debt collection practices. One of the biggest services offered by the FTC is their complaint investigation program, in which they review complaints from consumers. If you have been victimized, abused or harassed by a debt collector, contact the FTC to report these practices.
Another avenue of protection is to seek help from a professional. A bankruptcy attorney is highly experienced in dealing with debt collectors and can advise you on how to protect yourself from creditors. Although bankruptcy can offer an immediate shield of protection against creditors and collection efforts, it isn’t for everyone. However, an attorney can review your situation and counsel you on your debt reduction options.