Staying behind your credit card bills is probably one of the worse things of the life. All you can do ignore every phone call, letters, and collection agents. But for how long you can do that? Some day or other, you have to face the problem with a brave heart. After all, leaving in fear is one of the worst situations. Some people even commit suicide to get rid of the situation. This kind of situation is very frequent, not at all rare. People are doing all kind of things like filling bankruptcy and ditching their child’s education fund. Because, if you are running behind your credit card bills then not only yours but also the face of your home will degrade.
No Need to Fear them at All
You should not think that, credit card debt collectors can do anything. After all, they are just mere employees. There are certain regulations and rules for them. Their power is not unlimited, but very much limited. Many people think that they are the authority, in front of whom, they have to answer; but that is not the actual thing. They are not that kind of authority, they don’t have any kind of power to ask you for explanation; after all, they are just mere employees.
Though there is a code of conduct for the credit card debt collectors. But most of the companies are ask their credit card debt collectors to act as goons and intimidate credit card defaulters, so that they can pay the bill. But if any of the credit card debt collectors is intimidating you and forcing you to pay the bill, when you are not in a position to pay the bill at all, then you can report against the credit card debt collector at the concerned authority. But there are some companies, which credit card debt collectors are working within their limits.
What the Law Says
There are laws for consumer protection in every country, the purpose of that law is to protect consumer from abusive and unfair practices, and that some of the companies adopt to fulfill their aim. There are certain amendments for the credit card issuers and credit card debt collectors in that law. If you think that any of the debt collector agents is harassing you more, then you should check the law of your state and if you found that he is going beyond his limit, then you could contact with your local police station.
You should be Aware of
No credit card issuer can send a credit card debt collector to your doorstep, without noticing through you a mail and an official letter. If you don’t replay to that written notification, then he can send a credit card debt collector to your doorstep. They usually provide five days to the credit card debt defaulter to reply to their official letter. If only, you don’t respond within that period, then they can take further action.