In Texas, and the rest of the country, consumer debt is at an alarming level. Be it credit card debt, medical debt, student loan debt, home mortgage or a car loan, many people are struggling to keep up with regular payments due to financial difficulties that plague them. In fact, some people even have difficulties keeping up with the basic requirements, such as utility bills and day-to-day expenses for themselves and their families.
Sadly, even in the midst of such difficult times, many debtors have to deal with creditor harassment. Although laws such as the Fair Debt Collection Act were designed to help consumers, many creditors are over-aggressive when recovering their loans and the result of these vigorous efforts often is harassment of the debtor already dealing with financial difficulties.
However, debtors who are facing creditor harassment must know that they can enjoy a certain set of protections under Texas and federal bankruptcy laws. This means that if a creditor employs unfair means and methods to recover a debt, the debtor has the right to check that creditor's advances by taking some basic steps that can stop creditor harassment.
In extreme cases, a creditor can even threaten wage garnishment or legal action but a debtor must remember that ways exist to address such threats. If you are at this juncture, retaining a bankruptcy law attorney who can guide you to managing debt can be an important step toward securing a more sound financial future.
If faced with a similar situation, Tyler, Texas residents may consider getting in touch with the Law Office of Gordon Mosley. With more than 20 years of experience in dealing with debtors and creditors, this law office will prove to be an immense support to the debtor. Not only can the firm's lawyers inform consumers of their rights, but they can also help develop and implement a debt management plan.