Stop Collection Agency Harassment

The report was about credit cards and how they are changing their interest rates without cause. In other words, when a consumer is late or over the limit, the creditor CAN change the interest rates. It is on the contract in the teeny tiny itty bitty print.

NOW it seems the creditor is changing the rates and not to be stopped WITHOUT CAUSE. We are still looking into the facts of this report, however, we wanted to write this article to give a heads up about the possibility of being factual. Call your creditor about rate changes.

Also there is new legislation to stop this but it is going into effect late 2009.

If a consumer is not able to pay the new payment with the increasing interest rates…what happens? The account goes delinquent. In 6 months, the account will be sold to a debt collector.

One of our clients has multiple business failures due to the stop short of the economy. They had to start living on credit cards to survive. Now the payments are too high and the interest is outrageous. Their business were flourishing. Now their credit cards are maxed out, unable to pay and the collection letters are arriving in their mail.

This is not an isolated situation. This is happening all over the country with employees also.

The good news is that we have the answers for you.

Educate yourself and empower yourself here.

If you have questions, feel free to call and ask. If you want us to do the letter writing for you, we can and we will.

NEXT LEVEL CREDIT

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