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If you're struggling with bad credit, you may have searched for ways to fix it quickly. While some companies promise fast credit repair and guaranteed results, not all of them are trustworthy. The credit repair industry includes both legitimate businesses and fraudulent operations that take advantage of vulnerable consumers.
Being contacted by a debt collector can be stressful. But when those contacts turn into harassment, it crosses the line and becomes illegal. If you're dealing with threatening calls, constant messages, or other aggressive behavior, it's important to know that you have rights and you can take action.
In recent years, Lexington Law and its parent company PGX Holdings Inc. have come under heavy legal fire. This has led to bankruptcy filings and major regulatory scrutiny from the Consumer Financial Protection Bureau (CFPB). For consumers, this situation is more than just a headline. It highlights the risks in the credit repair industry and what happens when companies mislead the people they claim to help.
Receiving constant or aggressive phone calls from debt collectors can be emotionally exhausting, mentally draining, and even frightening. While debt collectors are legally allowed to contact you about unpaid debts, they are not allowed to harass you. Unfortunately, many collectors cross the line, turning a financial matter into a personal nightmare.
If you're dealing with debt collectors, one of the most important things you can do to protect yourself is keep accurate records. Under the Fair Debt Collection Practices Act (FDCPA), both consumers and debt collectors have specific responsibilities—and good record keeping can be the key to enforcing your rights.
Dealing with debt can be overwhelming, especially when debt collectors start calling. Fortunately, there are laws that protect consumers from abusive practices. One of the most important laws in this area is the Fair Debt Collection Practices Act (FDCPA). Enacted in 1977, the FDCPA is designed to eliminate abusive, deceptive, and unfair debt collection practices, while also ensuring that ethical debt collectors can still collect debts fairly.