What Are My Options If I’m In Debt?

If you are having trouble paying off your bills and you are starting to get notices from creditors, you should consider the following options to help you resolve your financial crisis:

Make A Budget

The first thing you need to do is assess how much income you have coming in and how much money you spend. Make a list of all your monthly income sources, as well as your fixed expenses. You should also list your expenses that vary each month. Eliminate the expenses that aren’t necessary and make your essentials a priority whenever you get paid.

Talk To Your Creditors

Don’t hesitate to get in touch with your creditors once you realize you won’t be able to make a payment. By contacting them, you can explain all of your financial struggles and they might be willing to create a modified payment plan so you can better manage your finances. However, it’s crucial that you take this step as soon as possible; otherwise, your account will be turned over to a debt collector.

What Are My Rights If A Debt Collector Calls?

If debt collectors start to contact you, you have the following rights:

• Debt collectors can’t contact you before 8 a.m. or after 9 p.m.
• Debt collectors can’t contact you at work if the collector knows that your employer doesn’t approve of the calls.
• It is illegal for debt collectors to harass you, lie, or use unfair practices when they attempt to collect a debt.
• If you give a debt collector a written request to cease contact, they must honor it.

At Bach Law Offices, Inc., we are here to answer your questions and help you secure relief from your debts. Call our legal team today at (847) 440-5998 to schedule your case consultation with our dedicated attorneys.