Dealing with debt
Dealing with debt Dealing with debt can be a long, complicated and costly process for the debtor. According to different government statistics (e.g. for UK & Wales), the average debt per adult for 2013 is more than £28,000. In order to avoid going into a deeper bad debt situation, a consumer should aim for using various repayment and clearance methods in order to strike off past-due payments. Sometimes a debtor had no deliberate attempt to fall behind with his regular payments.
Unfair collection practices
Dealing with unfair debt collection practices There are different methods for dealing with debt collectors when they are forcing harassing methods and illegal practices upon a consumer. The Federal Trade Commission in the United States generated more than 164.000 complaints against debt collectors during 2011 (see ext. link 2). There are various organisations and laws, which protect consumers and are designed to prevent DCAs (Debt Collection Agencies) from resorting to harassing or illegal practices during the debt recovery process.