The Fair Debt Collection Practices Act

The FDCPA outlines the laws under which debt collectors operate. Anyone who is using interstate commerce, such as the mail, to collect on a debt is considered a debt collector. Their debt collection activities are strictly limited by the FDCPA. For example, debt collectors may only call during specific hours during the day, and they must stop all contact other than litigation once they receive a written request from the consumer. If you’re dealing with creditor harassment or a creditor that is not following the FDCPA, Option 1 can help. We’ll step in to protect your rights and end the harassment.

Real Estate Law

Real estate is a notoriously complex area of law. The Real Estate Settlement Procedures Act defines fair real estate practices and prohibits certain deceptive practices, including kickbacks for mortgage brokers, construction companies, realtors or lenders and deliberately deceptive loan cost estimates. Purchasing real estate can also bring some unexpected surprises, such as zoning laws and tax burdens. Whether you’re buying, selling or developing property, Option 1 Legal can help with insights and guidance on potential issues and legal ramifications.

Bankruptcy Law

Bankruptcy is a legal protection for consumers who are unable to meet their debt obligation. When filing bankruptcy, the debtor will petition the court to excuse the repayment of some or all of the debt. If the bankruptcy is granted, some or all of the debts are permanently discharged, freeing the debtor and improving his or her financial outlook. Chapter 7 bankruptcy is often referred to as a “liquidation” bankruptcy because the debtor’s property is liquidated to pay some of the debts. Chapter 13 bankruptcy is called reorganization bankruptcy and allows the debtor to repay the debts while under the court’s protection. Option 1 can help you decide on the best bankruptcy for your needs.

Consumer Litigation Defense

Creditors have a variety of tools at their disposal when it comes to collecting debts. They can send notifications via the mail, or they can contact the consumer by phone. They can also litigate to collect on the debt. If you’re facing litigation from a creditor, you need to act quickly. The clock starts ticking as soon as you receive the summons, and without action, you could find that your wages are garnished or your property is at risk. Option 1 will work with you to find the best solution to litigation, whether that means fighting for a case dismissal, mounting a defense or negotiating a settlement.

Contact Option 1 Legal today to learn more about how we can help you navigate your finances and to schedule your free case evaluation.