One of the most annoying effects of being behind on payments and owing a significant amount of debt is the constant contact from creditors. Phone calls, letters and other means of communication are commonly used as they seek to get payment. Potential changes in the law could affect how creditors operate, and it may compel more Tennessee consumers to take action and seek debt relief faster.
There are laws in place that protect the rights of consumers who owe creditors. These rules limit the actions of creditors and what methods they use to contact debtors. However, some believe that the Consumer Financial Protection Bureau could propose new rules that would change these protections. It's possible that at some point in the future, creditors could text people or email them to collect money.
Right now, consumer protection rules are not very clear regarding the use of text messages. Some people express concerns that debt collectors may be able to send an excessive number of text messages. However, supporters of the potential rule changes state that younger generations are more apt to send payment or respond when contacted by text or even email. Phone communication is not as effective as it used to be.
Consumers who are dealing with any type of contact from creditors may want to learn more about their legal options and how they can make it stop. Seeking debt relief through bankruptcy can allow a Tennessee consumer to deal with his or her debt once and for all. This step will also halt all types of continued contact from creditors and debt collectors.