Credit card debt collectors seek help in Arizona

On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Friday, May 11, 2012
Debt collectors are a constant harassment to debtors, and they can pile even more stress onto a situation of financial trouble, making it even harder to manage. Many states across the nation are enacting legislation that works in favor of debtors in these situations and helps them minimize the influence of debt collectors. However, a bill currently in the Arizona House may actually make it easier for credit card debt collectors to harass debtors, and perhaps even harass individuals into paying debts they don’t owe.
The bill would make it easier for credit card debt collectors to force people to pay their bills by showing only minimal proof that an actual debt exists. Currently, credit card companies are permitted to sell off unpaid debt to secondary collection companies who then continuously harass individuals until they pay the debt, even if they do not actually owe it. Some say this legislation would make it more difficult for consumers to challenge debt accusations, as the minimal requirement for proof of debt would be more difficult to shoot down.
Luckily for Arizona debtors, many of the state lawmakers overseeing the passage of the bill are skeptical of the legislation and concerned about what it would do to individuals dealing with debt. Credit card debt accumulation can be a debilitating situation, especially when one is financially unstable, and harassing collectors can only make matters worse.
There is no mention of when a final decision will be made on the bill, or what the chances are of such legislation passing and becoming law in Arizona. Nevertheless, it is no secret that many people in our area continue to suffer from overwhelming debt and need all the help they can get to confront their financial troubles once and for all.
Source: KTAR.com, “Arizona bill could lend hand to debt collectors,” Jim Cross, April 30, 2012
Tags: credit card debt