NewswireToday - /newswire/ -
Dallas, TX, United States, 2006/08/09 - NFAN launched their debt-related self-help website, HelpForDebtors.com, that provides information on state and federal fair debt collection laws as well as a forum for exchanging questions, comments and stories related to the struggle against debt.
The National Financial Awareness Network, a Dallas-based financial literacy company, this week launched HelpForDebtors.com, a website that offers information on fair debt collection and provides a platform for consumers and debt professionals to share information on debt-related issues.
HelpForDebtors.com includes information on arbitration, wage garnishment, statues of limitations and the importance of the Fair Debt Collections Practices Act (FDCPA), a federal law designed to protect consumers against abusive and deceptive debt collection practices.
To provide general information to residents of each state regarding their state-specific consumer laws, HelpForDebtors.com provides a summary on each state’s consumer protection laws that supplement the FDCPA. Each state-specific page also provides helpful links to resources for that state. These resources include the state’s court system website, attorney general’s office website and online state legislation resources, when applicable.
“Not having accurate information can place additional stress on people struggling with debt and can also leave them vulnerable to abusive debt collection practices,” explained NFAN President John Janney. “HelpForDebtors.com provides basic information state and federal fair debt collection laws and provides an interactive forum where people can share questions, answers, experiences and other information related to the fight against indebtedness.”
To help consumers better understand the collection process, Janney said the website includes a “Frequently Asked Questions” page that addresses common concerns about debt collection. The website also includes real-life sample collection letters, arbitration notices and summons and complaints documents so consumers can see what they can expect if they fall behind in their struggling with debt repayment.
“HelpForDebtors.com provides value on both sides of the information exchange, making it a truly win-win opportunity for debtors as well as attorneys and other professionals who dedicate their lives to helping debt-ridden consumers,” said Janney. “The community we build through this website will become an important platform for creating informed consumers who contribute to our economy in positive and sustainable ways.”
Janney said HelpForDebtors.com is also a valuable resource for debt collection agencies who want to keep their debt collectors informed about fair debt collection issues in their efforts to avoid engaging in unfair and abusive debt collection practices.
The National Financial Awareness Network, Inc, is a financial literacy company based in Dallas, Texas, that offers educational products and services related to personal finance.