Collection Laws
Los Angeles Collection Attorneys We specialize in large commercial debt recovery and accounts receivable. California Collection laws include very specific legal protocols. You may put yourself in a worse position if you try to handle your commercial debt collection yourself. A Los Angeles debt collection attorney from our law firm will explain your legal rights as a creditor, and aggressively seek to collect your accounts receivable for you. Flexible fee schedules are available. You have nothing to lose, and everything to gain, by calling us right now for a FREE CONSULTATION! Los Angeles collection lawyers
To garnish your wages how much time is required?
First the creditor must receive permission from a court. This can take up to 2 years or as little as 6 months.
On a charged off account, will a credit card company continue to charge me interest?
You can still owe the interest and the entire debt on the card's account. The financial company cannot overstate the profits and remove the interest from the debt and from the financial statements. Remember, the company will still want to get repaid. and collect the interest and principle.
What does the Fair Credit Reporting Act cover?
The Fair Credit Reporting Act (“FCRA”) is designed to help ensure that credit reporting agencies furnish correct and complete information to businesses to use when evaluating your application. Rights under the Fair Credit Reporting Act include:
- right to receive a copy of your credit report
- a copy of your report must contain all of the information
- know the name of anyone who received your credit report
- last two years for employment
- have the name and address of any credit reporting agency
- if your application was denied
- a free copy of your credit report
What does the Equal Credit Opportunity Act cover?
The Equal Credit Opportunity Act (“ECOA”) prohibits credit discrimination on the basis of sex, race, marital status, religion, national origin, age, or receipt of public assistance. Creditors may ask for this information (except religion) in certain situations, but may not use it to discriminate when deciding whether to grant you credit. The ECOA protects consumers who deal with companies that regularly extend credit, including banks, small loan and finance companies, retail and department stores, credit card companies and credit unions.
What is a debt collector?
The debt collector is any person or busiess who on a regular basis collects debt. This may include Los Angeles collection lawyers and attorneys.
Can you stop a debt collector from contacting you?
A debt collector can be stopped from contacting you by writing a letter to the collector telling them to stop. Once the collector receives your letter, they may not contact you again except to say there will be no further contact.
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