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How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

Therefore, you’re in a good position when you tell the debt collector you are aware of The FDCPA and that any violation will be documented and forwarded to the Federal Trade Commission (FTC) as well as the Consumer Financial Protection Bureau (CFPB) and your State Attorney General’s office. Try To Negotiate On Older Debts.

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Tips For Credit Card Debt Relief

Sawin & Shea

Also know that there is no legal protection from creditors in a debt management plan. If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments. Debt Settlement. Further, you can’t borrow your way out of debt.