Rothschild & Ausbrooks, PLLC
Nashville Bankruptcy Attorneys Get A Free Consultation Call 866-656-8909

Harassment by debt collectors a widespread problem, study finds

If you live in Nashville and are struggling with debts that you cannot pay, you may receive contact from companies who are looking to collect on your outstanding balances. Creditors often sell their debts to companies who then attempt to induce consumers to make payment. Despite the fact that those agencies are restricted by certain regulations when it comes to contacting debtors, many do not follow the rules. At Rothschild & Ausbrooks, PLLC, we know how stressful it can be when a debt collector threatens or harasses you.

In order to understand how pervasive a problem creditor harassment is, the Consumer Financial Protection Bureau undertook a study, reports Money Magazine. If you have experienced problems with a bill collector, you may not find the results surprising. Many people reported behaviors from collectors that are prohibited under the law.

For example, one-third of people responding the survey indicated that they received calls from collectors late at night or early in the morning. 40 percent complained about the number of calls they received exceeding more than 4 per week. 75 percent of people who requested that a creditor cease contacting them said the company continued to do so.

Finally, when it came to the debt collector they had the most recent contact with, one in four respondents said that they felt threatened by the interaction. There are numerous steps that you can take when you have a lot of debt and collectors are breathing down your neck, including filing for bankruptcy. For more information on what you can do to keep debt collection companies from hounding you, please visit our web page.

No Comments

Leave a comment
Comment Information

Contact The Firm For A Free Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Rothschild & Ausbrooks, PLLC
1222 16th Avenue South, Suite 12
Nashville, TN 37212

Toll Free: 866-656-8909
Phone: 615-866-2265
Fax: 615-242-2003
Nashville Bankruptcy Office