Northeast Oklahoma Community Action Agency

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Manage Debt and Interaction with Debt Collectors

Posted by neocaablogger on October 10, 2009

During uncertain economic times, it’s especially important that people know how to manage their debt and their interactions with debt collectors.  To remind people of their rights – and debt collectors of their obligations – the Federal Trade Commission is featuring a new video at www.ftc.gov/MoneyMatters. The video highlights the rights of consumers whose debts have gone into collection, and the rules of behavior for debt collectors. And it has a friendly reminder that asserting your rights gives you a voice, but doesn’t make your debt disappear. The FTC’s Money Matters website offers a wealth of information about spotting and avoiding scams and rip-offs when dealing with mortgages or loan modifications, using job placement services, and applying for credit and loans, in addition to coping with debt.  

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