California debt settlement - Get best debt help now
Are you one of those people who stay in California and receive collection calls every day? Wondering how can you finally get out of debt and put an end to these calls? If yes, then it’s high time you enroll into a debt settlement program.
California debt settlement laws - A brief snapshot
Wait a minute. Before you decide to work with us or any other settlement company, make sure you check out the main provisions of California Debt Settlement Consumer Protection Act. Remember, it’s important to know what protections and rights you have.
Settlement companies will get paid on the basis of consumers’ savings.
They can charge only 15% of the total saved amount
They should provide extensive disclosures to consumers
They should give a written agreement plan to consumers
They should send reports to consumers at least every 6 months
California debt relief companies - What they can’t do
California Debt Settlement Consumer Protection Act prevents debt relief companies from indulging into the following kinds of activities:
1 They can’t charge any penalty if consumers opt out of the program
2 They can buy debts and engage into collection practices
3 They can’t give any wrong information on California debt help program
4 They can’t get into deceptive practices
5 They can’t advise consumers to ignore wage garnishment activities
6 They can’t change the correct mailing address in creditors’ statements
What if a CA debt relief company violates the law?
1 Consumers can file a civil suit against the company
2 The agreement will be terminated if an unauthorized fee is charged
3 The company will have to refund fees within 5 days of receiving violation notice
4 Consumers can get up to $5000 for each violation of law
* In case of criminal violations, consumers can get up to $10,000 for each violation of law.
6 Collection laws to know before settling debts
Want to save yourself from collection harassment? Eager to know about your powers to fight with collectors at the time of settling debts? Have a look at the 6 California fair debt collection laws that empower you as a consumer.
1 Debt collectors can’t contact you when you’ve an attorney
2 They can’t publicly embarrass you for debts
3 They can’t collect judgment if a lawsuit was not properly served
4 They can’t issue false statements just to collect debts
5 They can’t misrepresent themselves or call you repeatedly
So, ready to go for credit card debt settlement online? Just call us at 800-530-OVLG and get the best advice in town
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