It’s also important to know your debt legal rights when listening to supposed settlement options provided by companies appearing to want to help. Even if they threaten you with what sounds like a monolithic type of lawsuit pending, you still reserve many rights established by the federal government to protect consumers in the intimidating face of a debt lawsuit.

The Fair Debt Collection Practices Act is just one such consumer protection bill enacted solely to prevent sneaky and harassing policies against those faced with seemingly insurmountable debt.  Consult with a debt legal specialist about the many ways to defend and protect yourself. And it’s particularly important to seek legal advice before jumping into what may sound like a “too good to be true” debt settlement scenario.

In some cases, your debt may still exist even after it appears the debt has been settled. In such a drastic scenario, you’ll still be on the hook for the debt and may still have to fight a damaging debt lawsuit.