When a person has excessive amounts of debt, it can feel as if they have a weight around their neck. Large amounts of debt can negatively impact every aspect of a person’s life. If they have been unable to repay their debt, slowly they will watch as their credit score plummets. When a person has a low credit score, it is impossible for them to purchase a vehicle, get a credit card with a reasonable interest rate, or even get a mortgage for a home.
What makes the situation more challenging is that if a sufficient amount of time has passed and the individual has not repaid their debt, debt collectors will begin to contact them. Debt collectors have very few scruples when it comes to how they will get a hold of a person who has a lot of debt. They will use the telephone, email, fax machines, and in some cases even telegram.
The law sets some limits on the time that collectors can make their phone calls. For example, it is illegal for a debt collector to contact an individual before 8 AM or after 9 PM unless the debtor agreed to allow this contact. Debt collectors can call a person at their place of employment. However, if they are informed that the debtor’s employer disapproves of this contact, they are no longer allowed to make phone calls there.
There is a lot of stress that is connected with repaying a debt. There are also a lot of laws that have been designed to provide protection for people who have debts and who are being harassed by creditors. Unfortunately, if people do not contact debt lawyers like those found at Martin & Bontrager, APC for example, they will have no idea of the protection that the law provides them.
In addition to helping an individual stave off the onslaught of communication attempts by debt collectors, debt attorneys can also help their clients find practical ways to consolidate and repay their debt. Often times, just a little consolidation can go a long way in relieving the stress a person feels over their debt.