Has a debt collection agency such as Credence Resources Management, LLC threaten to discuss an outstanding debt you owe with a friend or a family member? Does a third party debt collector call you numerous times during the day at work and at home? Have you fallen for a deceptive trick a bill collector used to get you to take care of a delinquent credit card or a personal loan balance? If a debt collection agency has harassed you or intimidate you in any way, you have the right under a federal consumer protection law to fight back.
On September 20, 1977, the United States Congress passed the monumental Fair Debt Collection Practices Act (FDCPA). The federal consumer protection law clearly states that dozens of previously acceptable debt collection practices are now considered illegal.
Third party debt collectors cannot use abusive language to coerce consumers into paying off debts. They are also not permitted to collect more than what is actually owed on a credit card or personal loan account.
Threatening Legal Action is against the Law
According to the FDCPA, a bill collector such as Credence Resources Management, LLC is not allowed to issue threats of any kind. The debt collection company cannot intimidate you by threatening to seize your property. Third party debt collectors use this tactic to make consumers think they will liquidate the property upon receipt for cash.
Another common threat involves telling consumers they plan to contact the IRS. Bill collectors that have exhausted all possible debt collection options often resort to threatening legal action.
Although initiating legal action is not against the law, the FDCPA clearly states that issuing a threat to take legal action against a consumer is illegal. If Credence Resources Management, LLC is threatening legal action, the first thing you should do is speak with a licensed consumer protection attorney who specializes in litigating FDCPA cases.
Options to Fight Back against Credence Resources Management, LLC
After a comprehensive review of your case, your FDCPA lawyer will recommend the most effective legal action to take. Your attorney might have enough evidence to file a claim against Credence Resources Management in a civil court.
Another effective legal option involves sending the debt collection agency a formal cease and desist notice. Your FDCPA attorney should craft the cease and desist letter to ensure the message sent is professional. Emotionally charged language might compel Credence Resources Management, LLC to come after you harder.
You lawyer might consider sending a debt settlement letter to be the best option. A debt settlement letter allows you to pay off an outstanding credit card or a personal loan balance for a fraction of what you actually owe.
You save money, the debt collection agency receives something for its debt collection effort, and you might see a bounce up in your credit rating. If anything, sending a debt settlement proposal will help you avoid the stress that accompanies a protracted civil trial.
Stop Credence Resources Management, LLC from issuing threats to file a lawsuit against you. Complete the Free Case Evaluation to get in contact with an experienced FDCPA lawyer today.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Credence Resources Management, LLC or any other third-party collection agency, you may not be entitled to any compensation.