If you are a newlywed couple for some reason or another you might have gotten behind in your bills. This happens to many of us.
I am sure you have been called by a bill collector. In 2010 there were over 10,000 bill collecting agencies registered. They have collected approximately $9 billion dollars.
If you are being harassed by one of these agencies you do have rights under the Fair Debt Collection Practices Act. This abuse can be reported to the Federal Trade Commission and also your local state attorney generals office.
When you are contacted by the debt collecting company you have to remember they really don't care about your circumstances the bottom line is to get as much money out of you as possible. Their philosophy is all debtors are habitual liars and will say anything. They will make such ridiculous suggestions as borrow the money from your friends, take the money out of your retirement plan such as a 401(k), use another credit card. All of these ideas are horrible and go against any advice that you would get from a financial planner. I am not saying that you should not pay your debts but don't be intimidated into doing something foolish by one of these agencies. These companies will even call you at work and try to intimidate you. All you have to do is simply state do not call me at my place of employment anymore they must stop that is the law. So if you are intimidated by a debt collecting agency contact the government agencies mentioned above and file a complaint you do have your rights.
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