Millions of Americans are now having a difficult time being able to pay their creditors each month due to recent economic troubles.

You may be one of those people.

If you are having a difficult time paying your credit card debt OR unsecured debt, the creditors can make life a living hell for you. You do have rights as a consumer and these are set out in the Fair Debt Collection Act.


For instance, a creditor can not scare you into making your payment. But, there are a few that try that tactic to get you to pay. Usually, the person is young and eager so they “bend the rules”, so to speak.

Over the 10 years I have been in the Debt Settlement industry, I have heard creditors tell our clients that they will have someone coming over the next day to take their furniture if they don’t make a payment now. Or, there will be a sheriff at their door on Monday if they don’t pay by Friday. Or, they will repossess their home if they don’t make a payment in the next few days.

All of this is garbage and completely untrue.

In order for a repossession to take place, the debt has to be secured. Secured debt is money owed for a car or motorcycle. Credit cards used for computers that will devalue the minute they are sold does not mean the debt is secured.

If it is all confusing, try this, have you ever seen a “Citibank Repossessed Furniture and other Articles” store in your neighborhood?


That’s because if the debt is unsecured, the creditor will not be knocking at your door to take your possessions, that are by now, useless to them.

There are things that creditors can do and it’s good to know what they are.

Knowing your rights as a consumer is important, especially if you have hit hard times. You need to know what your creditors can and can not do to you.

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