What happens if I default on a debt repayment plan?

If you default on a debt repayment plan in California, it is important to know your rights under consumer debt defense law. Depending on the debt and how it was created, you may have certain rights and protections. The debt collector you are dealing with may be subject to certain restrictions and be limited in how they can collect the debt. First, they may not threaten you with arrest or any form of criminal action. Under the Fair Debt Collection Practices Act, they may not harass, oppress, or abuse you while they are trying to collect. They may not threaten you with violence or use obscene language. Additionally, they may also be restricted in how they collect the debt. They may not call you repetitively and may be prohibited from calling you before 8 am or after 9 pm. In some cases, the debt collector may not contact you at all, such as if the debt is past the statute of limitations. Finally, the debt collector may be unable to sue you or report the debt as delinquent to credit bureaus, depending on the debt and the law. It is important to understand California’s consumer debt defense law and your rights in these situations. If you are unsure, it is best to speak to a legal professional to get advice.

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What happens if I default on a debt repayment plan?

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