Have you ever heard your collector saying that you would get sued if you do not pay up up your dues. I am sure your answer would be yes. Umpteen number of times your collector would softly let you know that you are on the verge of getting sued. It is true that the debtor can go ahead and sue his debtor in case of non payment however not all collection agencies are given the right by the creditor to move a legal case against the customer.
Usually it is the legal department of the credit giving body which initiates the legal process or there are special agencies usually run by lawyers who go ahead and initiate the legal process. It is against the Fair Debt Collection Act to falsely claim to a customer regarding legal consequences when no such thing can be done by the debtor.
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The customer can get himself out of this racket by opting for debt relief program. The program would depend upon his need and the kind of debt on his name. For example if the customer has a multiple debts and he is paying off to multiple lenders month by month, he would need a consolidation program where a consolidation company can negotiate on his debt amount and the rate of interest for payment. The other program is the settlement program which is a major requirement among most American households as most of them are burdened by credit card debts. Again for this the settlement company negotiates the debt with the creditor and establishes and a new reduced amount to be paid by the debtor and low rate of interest for payment.
These methods are much more easier and have a proven track record of helping customers out of a debt situation in a legal manner. A customer does not have to file for bankruptcy and spoil his credit report and be out of the credit market for over a decade. The only catch to the situation is to get hold of a good company which has the experience to understand financial position of customers.
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