You have a right to be paid damages from any person who violates this law.
The law applies to everyone including attorneys.
The law took effect January 1, 2022
The law applies to consumer debts.
The law requires you be given a “good faith estimate” of how much and how long your debt settlement will take.
The law requires you have the contract 3 days before you sign it.
The law requires that you make a settlement payment before any fees can be charged to you.
The law mandates many disclosures so that you understand your rights and obligations when it comes to creditors.
If you are in California and started using a debt settlement company or law firm to settle your consumer debts for you after January 1, 2022, and you are paying any amounts in fees or other “service” or “account” or “maintenance” charges, you may be entitled to damages.
The law is the Fair Debt Settlement Practices Act (FDSPA) and is designed to protect consumers from unscrupulous debt settlement providers. It is a lot like the Fair Debt Collection Practices Act (FDCPA) which protects consumers from bad debt collectors.
The most important thing: DO NOT PAY ANY FEES/COSTS BEFORE YOUR SETTLEMENT HAS BEEN REACHED. If this is happening to you or to learn more about your rights, contact Fitzgerald & Campbell, APLC to learn more about how we can assist you.
Fitzgerald & Campbell, APLC represents consumers and small business with difficult debt problems with Debt Settlement, Judgment Contests, Settlements, and Liens, Debt Collection Harassment, Debtor Protection, Collection Lawsuit Defense, and Bankruptcy.
For a free consultation, call/text to (855) 709-5788 or contact us online today.