What to do when Debt Collectors won't stop calling
- 1 day ago
- 2 min read
Updated: 4 hours ago
Drowning in Debt in Lakeland? Debt Collectors Calling Non-Stop?
If debt collectors are overwhelming you, you're receiving threatening letters, or you're concerned about wage garnishment, you're not alone — and there is a solution. At McMann, PA in Lakeland, we assist individuals in Polk County every week who feel trapped by credit card debt, medical bills, payday loans, or old judgments.
Understand Your Rights
In the realm of debt collection, it's important to be aware that legal protections are in place. These include the legal process, the Fair Debt Collection Practices Act, the Consumer Financial Protection Bureau, and both federal and state laws that mandate creditors adhere to their legal responsibilities when attempting to collect any debt.
Nonetheless, the crucial aspect of this process lies with you: you need to assert your rights when debt collectors violate them, reply to any notices from debt collectors or the courts, avoid letting a case default, and stay informed about your options.
Creditors frequently engage in collection practices that infringe upon your rights, such as seizing exempt bank funds, wrongly garnishing or excessively garnishing wages, or securing money judgments without adequate proof of the debt. In certain cases, pursuing a financial fresh start through bankruptcy might be suitable.
Common situations we see:
Debt collectors calling at all hours
Lawsuits filed by creditors
Wage garnishment threats
Fear of losing your car or house
What we can do to help you right now:
Negotiate with creditors to reduce what you owe
Stop harassing phone calls (legally)
Explore debt settlement options
Prevent or stop wage garnishment
Deal with lawsuits from creditors
If needed, guide you through Chapter 7 or Chapter 13 bankruptcy
If you're thinking about filing for bankruptcy, it's crucial to understand that certain debts cannot be discharged. These include child support and alimony, student loans (in most instances), and income taxes that are less than three years overdue, along with other restrictions.
It is crucial to understand that the bankruptcy trustee (who is appointed to gather payments, oversee case activities, and report to the court on the debtor's compliance with obligations) might utilize available nonexempt assets to pay creditors if you possess significant assets exceeding a certain threshold. Therefore, if you have substantial assets, it is wise to explore alternative options. Nonetheless, if your situation is suitable, you might be an excellent candidate for the financial fresh start that bankruptcy offers.
You don't need to handle this by yourself. A quick phone call can provide genuine relief and a clear strategy.
Contact Mark McMann today at (863) 393-9010 for a free, confidential consultation. We can assist you in planning the best way forward.
Mark D. McMann
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