A Debt Collection Attorney Richmond presents you with facts related to consumer laws that protect against unfair and unethical business practices performed by collection agencies. Your selected attorney prepares you for your case against these companies by informing you of your rights and how they benefit you. If you have been the victim of these unlawful practices, it is crucial for you to contact an attorney immediately.
Unfair Business Practices
Collection agencies purchase accounts from creditors when a consumer fails to pay the debt in a timely manner, and the debt is ultimately charged off. Through these practices, your original creditor is paid off by the collection agency. However, the newly acquired account becomes a new debt listed on your credit report by the collection agency. Unfortunately, in order to pay their agents these agencies increase the value of the debt significantly.
Your Responsibilities
Although collection agencies would like for you to believe that you are responsible for these overly inflated debts, you are only responsible for the value of the original debt. Most consumers assume that once a debt is placed with a collection agency that the agency can harass you and refuse to remove the debt from your credit history if the entire amount is not paid in full. This is not true, and a skilled attorney will inform you of this fact.
Debt Collection Lawyers
Krumbein & Associates PLLC affords you with a starting point for negotiating with debt collection agencies and to prevent further harassment. These attorneys knowledgeable about laws that are associated with collection practices and laws that prevent illegal actions by collection agencies. To learn more about your rights and how these attorneys assist you,contact them via their local office or through their website.
Summary
It may take a Debt Collection Attorney Richmond to enable you to negotiate with collection agencies. These companies often work on commission and may take extreme measures to collect. However, there are laws at play that prevent these agencies from violating your consumer rights. Through stricter enforcement of the law, consumers are protected from predatory lending practices, which may lead to contact through collection agencies. To secure your rights, it is urgent that you contact your preferred attorney to file a claim.
