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| Will creditors come after me when I am in debt consolidation? | |||||||||||||||||||
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Most good debt consolidation companies have a phone number for their clients to give to creditors or debt collectors. In other words, they handle harassing phone calls for you and allow you to focus on rebuilding your financial life. What often happens is that a client signs a special
power of attorney and they contact the creditors to inform them that they
must contact the company from now on. Creditors will also be informed of
this in writing and this makes it against Federal Trade Commission
regulations (The Fair Debt Collection Act) for them to continue to contact
you. |
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