Debt Relief and Debt Consolidation By States
When you are knee deep in debt and you are seeking debt relief, you need to be aware of two sets of laws: Federal and State.
While you are responsible for paying off your debts, the Federal government created laws to keep you from being abused. The lengths that people will go through to collect debts owed can sometimes turn ugly and consumers are protected by the government from abusive collections tactics. It is every debtors right to be treated with respect despite the fact that they are unable to pay off their debts. There are also laws that you need to be aware of that will tell you of the legal options in seeking debt relief.
You can read more about the Federal Debt Relief Laws in this site.
Debt Relief Laws Vary Per State
The Federal laws provide protection however you need to be aware of the small variations in your state so you are not caught off guard by your creditors and collectors.
The main differences are found in the processes and timelines. The defining lines of what is abusive, what is prohibited and what is allowed may be found on individual State Laws. If you have decided to act on your debts once and for all, you have to take note of these to know just when you are being abused or not. Knowledge is power and knowledge of the law will allow you to create a plan for yourself to eventually get out of debt.
Find out more about each State and see what rules you need to be aware of.
* Debt Settlement Group does not currently offer services in this State and is not available in all states.
For more information about State Laws, you can visit your local Attorney General.