Credit Card Debt Law How To Fight Debt Collectors!

Credit card debt law, Learn the statue of limitation on debts and the dangers of credit cards.

Follow 5 secrets the credit card companies don't want you to know!

If you are being hounded by creditors, it may seem that you have no recourse.

However, credit laws do exist and you can put them into action.

The dangers of credit card debts can affect you for years, inhibiting your ability to buy a house, get a job or even rent a home.

There are some laws, though, that can help you today.

Credit Card Debt Law You Can Fight Back Learn Your Rights!

Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act (FDCPA) is a federal statute that protects consumers from abuse by collectors. Also known at the Fair Debt Act, this credit card debt law can help you tremendously in dealing with creditors and collectors.

This act gives collectors, collection agencies and collection attorneys strict guidelines for collecting debts. Many states have their own set of laws and it is a good idea to become familiar with the credit card law in your state.

Stop Collector Calls

There are laws that govern when a collector can call your home. This is defined by the Fair Debt Act or by the debt collection law in your state. Laws for collectors give them stringent guidelines such as they cannot call after a certain time in the evening or before a certain time in the morning.

Fight Deceptive Debt Collection Agencies

The Fair Debt Act states that collectors cannot use deceptive means to collect debts. This means that they cannot tell you they are with the government (federal, state or local) when they are not.

They cannot try to scare you by telling you that you can be arrested, have your wages garnished or have your property seized for not paying the bill when that is untrue. They cannot threaten you by telling you that they are going to take action against you that cannot legally be taken or that is not intended to be taken.

It is very important that you understand the law that a collector can not imply that you have committed a crime by not paying our debts if non-payment of your account is non-criminal. They also can not threaten to communicate credit card info or any type of debts or credit information that is false.

Debt Collection Letters

If you want your collectors to stop calling you, you can send a cease and desist letter ordering them to stop the calls. The law forbids them from continue contact with you once they have received either your cease and desist letter or your request for validation letter.

Statute of Limitations By State

The statute of limitations on debts differs with each state. You can see the laws for your state here Debt Statute Of Limitations By State The statute of limitations sets a limit on the maximum amount of time that legal proceeding can be brought against a debtor after they have become delinquent on the account.

Many collection agencies may continue to attempt to collect on the account, but this action will not hold up in court and it will be thrown out.

Before you make payments on old debts, you should review the statute of limitations to see if the credit card account is even still valid.

Having an understanding of credit card debt law can save you a lot of money and a lot of stress.

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