What Is Debt Collection in Elizabeth City, North Carolina?

Find the right Debt Collection attorney in Elizabeth City, NC

"Collections" refers broadly to the many tools that creditors have at their disposal to obtain payment from debtors who are not paying what they owe. There are many Elizabeth City, North Carolina laws and regulations concerning the conduct of collections agencies, and what they can and cannot do in order to collect.

What if I Am Owed Money in Elizabeth City, North Carolina?

If someone owes you money and refuses to pay it, you have various options at your disposal. However, when it comes to collecting their debts, creditors are governed by strict consumer protection rules. Violation of these rules while attempting to collect could hurt your chances at successfully recovering your money, and/or subject you to civil penalties.

The law blocks creditors from engaging in any form of violence against the debtor in an attempt to collect. It additionally bars them from using abusive language or contacting third parties about the debt owed by the debtor.

You may, however, send a written demand for timely payment. The demand should lay out precisely how much the debtor allegedly owes. If there is a large amount of money involved, it might be worth it to hire an Elizabeth City, North Carolina collections agency, which will probably take its fee in the form of a percentage of the debt collected. You should do some research on various collections agencies in your area, to make sure the one you hire is trustworthy, and scrupulously follows the law.

What if Someone Is Trying to Collect Money Against Me in Elizabeth City, North Carolina?

Of course, if you owe money and have the ability to pay it, you should do so. If the collections caller is behaving civilly, you should do the same. In any case, it is never a good idea to ignore the issue, because that will definitely not make it go away.

Your best option in Elizabeth City, North Carolina might be to contact the creditor directly, and try to work out some type of new repayment plan. The sooner you do this, the more receptive to your ideas the creditor is likely to be. If this isn't successful, you can demand that the collectors stop contacting you by phone, and they will typically be obliged to do so. Of course, this doesn't make the debt go away, and you should only take this route if you are prepared to defend against a lawsuit from your creditors, since demanding that they stop contacting you usually leaves them with no other option but to sue.

If you have hired a lawyer in Elizabeth City, North Carolina, they might advise that you file for bankruptcy. Of course, whether or not this is a good idea depends heavily on the facts of your specific case, so you should not do so until an attorney has reviewed the facts and determined that bankruptcy is a possible solution.

How Can a Elizabeth City, North Carolina Collections Attorney Help?

If you believe that a creditor is violating the law in its attempts to collect from you, you should get in touch with an Elizabeth City, North Carolina attorney, since you might actually have a claim for damages against the creditor.

Also, if you are considering bankruptcy as an option, a good North Carolina attorney can help guide you through the process.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Elizabeth City

Elizabeth City, North Carolina is a city in Camden County. It has a population of about 21,000 people, as of a 2009 Census estimate.

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