Unit 6 Project.docx - Matthew Willemin Financial Counseling...

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Matthew Willemin Financial Counseling & Consumer Credit Unit 6 Project The sections of the project should be submitted as ONE MS Word Document through Blackboard Learning Goals: Understand your consumer rights and how to respond to debt collectors and collection lawsuits Identify various housing programs, understand mortgage workouts and resources to avoid foreclosure. Section I: Responding to Debt Collectors 1. Your client mentions they have been receiving multiple calls from a Collections Agency. Your client knows nothing about Debt Collectors – provide them with the following information: When are Debt Collectors allowed contact people? Debt collectors cannot call you at an unusual time or place, or at a time or place they know is inconvenient to you and they are prohibited from contacting you before 8 a.m. or after 9 p.m. What can Debt Collectors garnish? A debt collector can, in fact, garnish your wages, but only if it's legal to do so in your state. A possible outcome from such a lawsuit is a
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  • Spring '14
  • BillGustafson
  • Debt, Collection agency, debt collectors

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