Collections

When accounts are in collections

Collection calls can be stressful. Understanding your rights and options can help you respond calmly and on your terms.

Free consultation. No obligation to enroll.

Signs it may be time to look at options

Federal law gives you rights when dealing with debt collectors, including requesting validation of a debt.

Before paying, you can ask a collector to confirm the amount and that they have the right to collect it.

Some collectors may accept a payment plan or a reduced amount. Get any agreement in writing.

If you receive court papers, respond by the deadline and consider speaking with an attorney.

Falls View Capital does not provide legal advice. If you've been sued, consult a licensed attorney.

Your credit may be affected
Debt relief programs can have a negative effect on your credit, especially if accounts become delinquent during the program.
Creditors don't have to negotiate
Creditors are not required to participate or to accept a reduced amount. Some may not.
Collection activity may continue
Creditors and collectors may keep contacting you, and interest, late fees and penalties may continue to accrue.
Lawsuits are possible
A creditor may sue to collect a debt, which can lead to judgments, garnishment or other remedies allowed by law.
Results aren't guaranteed
Not every debt is resolved, and no specific savings, settlement or timeline can be promised.
Taxes may apply
Forgiven debt may be considered taxable income. Consult a tax professional about your situation.
Stopping payments has consequences
Stopping payments to creditors can lead to late fees, collections and credit damage. Understand this fully before deciding.

Start with a free conversation. We'll learn about your situation, answer your questions and help you understand what options may be available.

Free consultation • No obligation