Can Bill Collectors send the Cops to Your House?
If you’re dealing with creditors and bill collectors calling you about past due accounts, then you know that they will stop nothing to collect the money that they think they’re owed. For many of them, that includes breaking the law by making threats that simply are not true. There have been a growing number of reports of dishonest credit agencies and bill collectors who tell the people who owe them money that if they don’t pay, the police will come to their house and arrest them. In some of the worst examples, these people tell borrowers that if they don’t conduct an immediate bank transfer they will be arrested within minutes.The problem is that none of this is true. People in America cannot go to jail for not paying debts to a private company. Despite what the person on the other end of the phone tells you, your credit card or personal loan is considered a civil matter. It is not fraud, theft, or any other type of crime to not pay your debts to a privately owned company. The only people who go to jail for not paying debts owe money to the government in the form of back child support or taxes. This means that there is no way to get the police to show up to your house over an unpaid debt.This doesn’t mean that this debt isn’t a serious matter, however. While jail time is definitely not an option, it is possible for a collection agency to ruin your credit, harass you day and night, and even garnish your paycheck. That’s why you need to take steps to make sure that the debt is taken care of.If you can’t make a lump sum payment to pay off the debt completely, then you might want to consider a debt consolidation loan. These loans pay off all of your existing debts, including the ones that you are current on. The consolidation loan replaces these loans with a single loan that has a lower interest rate than what you were paying. You’ll pay less ever month and no longer have to worry about being harassed by creditors.