There are many consequences that come as a result of owing a significant amount of debt. For Tennessee consumers who have past-due credit card debt, one of the most prominent consequences is dealing with creditors and debt collectors who are trying to collect payment. One method they sometimes employ is scaring the consumer with certain repercussions if he or she does not pay.
Some debt collector even go so far as to threaten arrest. It’s frightening for someone to hear that he or she may end up in jail because of debt. This debt collection tactic is actually outside of the scope of what creditors and debt collectors can do. In fact, it is against the law for a debt collector to threaten a consumer with false consequences.
There are things a debt collector can do to collect money. it is permissible to contact the debtor, and there are other legal means creditors can employ to pursue recovery of the money allegedly due. However, there are also laws that protect the interests of consumers, specifically the Fair Debt Collection Practices Act. This law limits things such as the use of profanity and threatening jail time.
If a Tennessee consumer has concerns about his or her debt and the way debt collectors are acting, there are options available. Filing for consumer bankruptcy will halt all collection efforts, including phone calls from collectors. This process also provides the applicant with an organized and clear way to deal with certain types of balances, including credit card debt.