What happens if your debt goes to a collections company?

If your debt has reached the point of no return, it’s time to face the fact that you may have been handed over to a collections company. Collections companies are hired by lenders and creditors in an effort to recover unpaid debts from delinquent borrowers. Once your debt has gone to a collections company, there are certain steps you should take in order to protect yourself and ensure that everything is done according to state and federal laws.

The first step is understanding your rights as a consumer. Under the Fair Debt Collection Practices Act — which is enforced by the Federal Trade Commission — collectors must treat debtors with respect, not use abusive tactics or profanity, and provide debtors with written notices of their rights under federal law. Additionally, collectors may not threaten legal action unless they actually intend on doing so or falsely implying they have more authority than they actually do.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you can find a fresh start so FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706