High debt of any sort can be extremely troubling for residents in Oregon. The cause of financially challenging times can range from unemployment to unmanageable credit card debt and more. Medical conditions can also exacerbate situations and force people to rely on credit cards or other forms of unsecured debt for even basic living needs. Consideration of Chapter 7 or Chapter 13 bankruptcy often becomes one way that debtors look for help in these situations.
People who are struggling with how to keep up with interest and minimum payments to credit card companies may be very vulnerable to offers of help. Before taking the first apparent solution available, however, it is advised to consumers that they manage their credit reports and regularly clean up errors. It is common that credit reports can contain erroneous information that can hurt debtors and regularly reviewing the reports can help to prevent this.
Equally of value is to be wary of debt assistance that seems too good to be true. The Attorney General from West Virginia recently warned citizens about scam programs that appear to be debt collectors calling on behalf of creditors. These callers are frequently simply people trying to get credit or debit card numbers for their own use. If such information is shared with them, consumers’ debt problems can only get worse.
Oregon residents who have fears of creditor harassment and high bills can sometimes get help by talking to an attorney. Understanding the legal ways for debt relief can make tomorrow much easier.
Source: WHSV.com, “Morrisey Warns Consumers About Fraudulent Credit Card Debt Phone Calls,” Channing Frampton, July 5, 2014
