Florida residents should derive much-needed comfort from the fact that they are protected from harassment, abuse and other misleading tactics by both debt collectors and third-party debt buyers thanks to the landmark federal law that is the Fair Debt Collection Practices Act.
If you're one of the millions of Americans with credit card debt, you could be in for some bad news: the federal government has recently instituted two interest rate hikes that mean you'll be paying significantly more over the life of your debt. For someone already struggling to keep up with payments, the added interest could be the proverbial last straw.
In a previous post, we began discussing how anyone looking to pursue their dreams -- from owning a home to starting a business -- will more than likely need to take out a loan and the unfortunate reality that financial institutions can -- and often do -- decline to extend the necessary funds.
It goes without saying, even here in sunny Florida, that everyone's favorite season of the year is summer. That's because these three long months promise everything from long days and blue skies to baseball and school breaks.
As much as we would perhaps like to think otherwise, money and, by extension, access to credit, really do make the world go round. Indeed, chances are good that anyone looking to buy a home, pursue an education, start a small business, secure an automobile or pursue any manner of dream will first need to take out a loan.
Filing for bankruptcy is the nuclear option and can be avoided under most circumstances. If you are currently bunkered down, waiting for your credit card debt to disappear, you need to take action. Now. Consulting a lawyer immediately will allow you to immediately address the debt that you feel has overwhelmed you. If your creditors have been harassing you via phone, email, or even in person, they may not be following the regulations outlined in the Fair Debt Collection Practices Act.