Info On Credit Card Regulations.
Q: Cna anyone provide me with information regarding credit/collection
companies
responsibilties regarding harrasment and contact restrictions. My younger
sister has been getting deluged with calls at work and at home regarding
an
overdue balance (she had recently become unemployed from a good paying job
and now works near minimum wage while supporting a young child). Though
she
has explained to the company numerous times that she has no money, they
repeatedly call at her place of work and home demanding to know when
payment
A:Is she outright refusing to pay? I went through a tough time before and
found that most collection agencies were happy to arrange some sort of
payment. Even if it's a few dollars per month it shows your willingness to
pay off the debt. Unless she has ignored and put off these companies for
awhile I am sure she can arrange something to fit her situation.
As mean as it sounds she entered into the debt knowing full well that it
would have to be paid off in a timely manner. The companies in question
aren't going to just roll over and say "Ah shucks, don't have the money?
Don't worry about it."