Do you have over $10,000 in credit card debt? If you're an American, that's the average of what your fellow citizens have. That sounds pretty crazy, doesn't it? Well, if you're one of those people, you probably have a few questions about what you can do about it, as well as your rights.
Regarding the credit card companies, what are my legal rights about how I'm treated?Well, to start off, they aren't supposed to contact you while you're at work. If they visit you while you're there, report them. They can be sued and forced to reduce your debt if they do this. They also can't call you after hours at night. This means they shouldn't be calling you at 1:00 in the morning.
I have heard most people have a lot of debt, is this true? Yes. This is because most Americans owe at least some form of credit card debt. It's a crying shame, but they do. They also simply pay the minimum debt payments required each month. But, what they don't know is that simply by doing that, they're playing into the hands of the creditors and credit card companies. You will never pay it off simply by paying the minimum required. They made this to be that way. Don't do it.
I have a lot of debt I do not think I can pay off. With these companies at your side(some are not for profit), you can prevent that. They can help you to get the leverage that you need to get your rate lowered on your interest, or debt in general. That's one of the main reasons for using these guys.
There are many ways that you can get help from your credit company. They can put you on any number of programs that can help you finally get out of debt.Paying it off will stop the endless cycle of debt that is present when you don't pay it off. This is the way they made it to be - so they keep getting money from you, even after you've paid what you originally owed to them.
Regarding the credit card companies, what are my legal rights about how I'm treated?Well, to start off, they aren't supposed to contact you while you're at work. If they visit you while you're there, report them. They can be sued and forced to reduce your debt if they do this. They also can't call you after hours at night. This means they shouldn't be calling you at 1:00 in the morning.
I have heard most people have a lot of debt, is this true? Yes. This is because most Americans owe at least some form of credit card debt. It's a crying shame, but they do. They also simply pay the minimum debt payments required each month. But, what they don't know is that simply by doing that, they're playing into the hands of the creditors and credit card companies. You will never pay it off simply by paying the minimum required. They made this to be that way. Don't do it.
I have a lot of debt I do not think I can pay off. With these companies at your side(some are not for profit), you can prevent that. They can help you to get the leverage that you need to get your rate lowered on your interest, or debt in general. That's one of the main reasons for using these guys.
There are many ways that you can get help from your credit company. They can put you on any number of programs that can help you finally get out of debt.Paying it off will stop the endless cycle of debt that is present when you don't pay it off. This is the way they made it to be - so they keep getting money from you, even after you've paid what you originally owed to them.
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