Hatha

☎ Speak to an expert
Call
(800) 667-DEBT (3328)

Before embarking on a debt relief program, it is helpful to understand your consumer rights as outlined by the Federal Trade Commission. From receiving free credit reports to staving off abusive debt collectors, regulations have been put into place to ensure fairness and justice on your behalf.

Below is a list of consumer credit acts; familiarizing yourself with each is a smart way to stay one step ahead of your credit.

Fair Credit Reporting Act—(FCRA):

The purpose of this Act is to protect consumers against having false and erroneous data reported to the Credit Bureaus.

The Act highlights include:

  • One free credit report per year
  • Credit report dispute process

 

Fair Debt Collection Practices Act—(FDCPA):

This Act protects consumers from inappropriate collection practices by prohibiting unfair, deceptive, and abusive practices by third-party debt collectors.

The Act highlights include:

  • Means of verifying data accuracy
  • Credit dispute system

 

Truth in Lending Act—(TILA):

Designed to protect the consumer when it comes to credit card transactions, this Act requires lenders to reveal costs and crucial terms of the lending arrangement in standard, readable language.

Highlights include:

  • Rights to cancel certain transactions
  • Regulations of some credit card practices

 

Uniform Debt Management Service Act—(UDMSA):

Assists consumers with credit counseling and debt settlement, this Act also helps with:

  • Regulation of accreditation requirements
  • Non-compliance disclosures and penalties

 

Government Resources and Services

The federal government, as well as state and local governments, offer a wide variety of programs and services to assist individuals and families that are struggling with debt, unemployment, and inadequate food and shelter. Many offer tips, advice and information about financial matters.

 

Debt relief is possible and can be accomplished with the assistance of a professional company, such as The Debt Management Group, and the protective regulations the FTC has put into place. You need not tolerate abusive, unethical (and sometimes illegal) methods that some creditors and collections agencies use to harass and intimidate consumers. We can step in immediately and get your financial situation under control and relieve the stress of high monthly bills, high interest rates and debt that seems to have no end. Contact our debt relief specialists to see how a small change can go a long way towards financial freedom.

The Debt Management Group assists with debt relief solutions in New York, New Jersey, Connecticut, Ohio, Minnesota, and regionally.

E-mail: info@thedebtmanagementgroup.com
Contact us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Questions, issues or concerns? I'd love to help you!

Click ENTER to chat
Contact us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Questions, issues or concerns? I'd love to help you!

Click ENTER to chat