Debt Settlement Relief Options in Massachusetts

Massachusetts Debt Arbitration Laws

We are pleased to inform the residents of Massachusetts that our debt relief services are available in your state! There is help for those struggling with unsecured debts. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

We provide debt settlement and debt arbitration in the state of Massachusetts. Debt settlement is program which can reduce your debts with your creditors giving you the opportunity to only pay back a fraction of the original amount owed. This is amazing for both you and your creditor because you get to pay less than your total balance owed while your creditor actually receives something back as compared to if you’d have gone bankrupt.

However, you may not have to even apply for credit card debt settlement if the statute of limitations is up in your state and the debt no longer appears on your credit report. Legally, credit companies must recover the debt in a period of time specified by the state or the debt is no longer recoverable after this time period. Read on to find out if the statute of limitations is up for you.

Debt Collection

(This is intended to be a helpful and informational debt resource for Massachusetts consumers and does not constitute legal advice.)

Massachusetts follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA).

• Original creditor or creditor collecting own debt must comply with all the provisions of the FDCPA, except those provisions dealing with required disclosures. (For example, the original creditor does not have to verify the debt’s validity).
• Debtor collector may contact a third party regarding the debt for a limited number of times.
• Debt collector and original creditor cannot:
  • Call more than twice a week to the home or call more than twice in 30 days to places other than home, per debt
  • Call unauthorized third parties about the debt
  • Make more than one home visit in 30 days without consent (excluding repossessions)
  • Make any office visits without consent (excluding repossessions) -attempt to get the debtor to reaffirm discharged in bankruptcy, without conspicuous disclosure of the consequences
  • Suggest that they are a lawyer or give legal advice
  • Fail to send the following notice in writing within 30 days after the first communication to the debtor:

    • NOTICE OF IMPORTANT RIGHTS

      YOU HAVE THE RIGHT TO MAKE A WRITTEN OR ORAL REQUEST THAT TELEPHONE CALLS REGARDING YOUR DEBT NOT BE MADE TO YOU AT YOUR PLACE OF EMPLOYMENT. ANY SUCH ORAL REQUEST WILL BE VALID FOR ONLY TEN DAYS UNLESS YOU PROVIDE WRITTEN CONFIRMATION OF THE REQUEST POSTMARKED OR DELIVERED WITHIN SEVEN DAYS OF SUCH REQUEST. YOU MAY TERMINATE THIS REQUEST BY WRITING TO THE CREDITOR.

  • provide all papers in the collector’s possession bearing the debtor’s signature and concerning the debt being collected
  • provide ledgers, account cards, or similar records in the collector’s possession showing the date and amount of payments, credits, and charges on the debt

Maximum Interest Rate a Collection Agency Can Charge in Massachusetts: 6%

Massachusetts Debt Law

Massachusetts Wage Protection: $125 per week (75% protected by federal laws)

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but currently live in Massachusetts, the applicable statutes of limitations would be Texas’).

Oral Agreements: 6 years
Written Contracts: 6 years
Promissory Notes: 6 years (20 years if signed before a witness)
Open Accounts (credit cards): 6 years

Whether you have unsecured credit cards, medical bills, personal loans or collection accounts, there’s help for you. The National Debt Relief Group offers a free consultation. You can fill out our Short Application and one of our debt specialists will contact you within

minutes, or you can call now – (888) 703-4948.