Consolidating loans and bills

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The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.

The Act covers personal, family, and household debts.

Consolidation means that your various debts, such as credit card bills or loan payments, are rolled into one monthly payment.

If you have multiple credit card accounts or loans, debt consolidation through a credit counseling service can help simplify or lower your payments.

Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act.

Your state Attorney General’s office can help you find out your rights under your state’s law.

If you are unable to make payments on time, you could lose your home.

To decide if debt consolidation is right for you, contact a credit counseling service accredited with either of these organizations: If you have a problem with a lender concerning debt consolidation, you should first contact the lender.

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Combining all debt into one loan reduces your total monthly bills into one single payment, making it easier to plan your finances.We are a totally online business which means you get your funds quicker and more easily than traditional providers.If you are a borrower with a previously poor credit history, it can sometimes be hard to get a personal loan.Bankruptcy information stays on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job.As federal courts have exclusive jurisdiction over bankruptcy laws, cases must be filed in federal bankruptcy court.

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