The Things Creditors Cannot Do to You

creditors

If you have pending medical bills, credit card bills, other loans with unpaid EMI, it is obvious that the creditor will remind you to pay soon. But, in many cases, the reminder turns wrong and it makes it difficult for the lender to live. The constant calls of the creditors, misbehavior and many more can make the lender fed up, especially, when they are not able to pay back. Many people keep blocking the calls as there are multiple calls in one day and some fear to receive calls. In this way, they miss many important calls as well. Opting for bankruptcy, consult a bankruptcy attorney in Edmond, OK, is the best option to deal with the situation, but before that, you should know about your rights and steps you can take against the creditors in such cases.

Your Rights

The United States of America has quite protective rules for the citizens and the bankruptcy is no exception. The Fair Debt Collection Practices Act is a federal law and according to the FTC or Federal Trade Commission, it is completely illegal for the creditors to practice anything that can have a bad impact on the lenders’ mind. The deceptive practice is also highly avoidable. Violating these laws along with the other customer protection laws can make the creditor pay for it. Most of the people do not know about these laws and that makes them tolerate all these illegal acts performed by the creditors.

your rights

Here is some of the information you need to know to save yourself from any such problem.

  1. The creditors, in no means, can contact any third party about your owed debt. If you hire a bankruptcy attorney in Edmond, OK, they can contact theirs.

  2. They should not leave any voicemail. The violation of the FDCPA will be charged against them if you share those with your attorney.

  3. Creditors cannot call you when you are at work if you tell not to do so. The disturbance will be charged under the law.

  4. Unless you agree on the point, the creditors cannot call you before 8:00 am and after 9:00 pm.

  5. Without your signature, they cannot proceed with any legal action against you. Hence, don’t sign any document without consulting your bankruptcy attorney in Edmond, OK.

stress with creditors

Also, there are many activities that the creditors cannot perform. Knowing those will help you act against them:

  • They cannot add any extra charge on your debt that was not illustrated to you.

  • They cannot threaten you to pick your property or actually do it.

  • Constant calls are not allowed.

  • They cannot be abusive.

  • They cannot allow any third party to threaten you on their behalf.

  • The amount cannot be increased to make pressure on you.

  • ·The fake threat of legal action is not allowed as well.

You can get more information to fight the situation and take help from the bankruptcy attorney in Edmond, OK. Chris Mudd & Associates is a reputed law firm where experienced lawyers are there to help people with debt related trouble. Feel free to contact them as soon as possible.