Montgomery County Maryland Consumer News and Alerts: Confessed Judgment Clauses & Debt Collection

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With the current pandemic and its impact on finances, debt collection and related court filings are expected to rise. One tool used may be confessed judgments which are disfavored in Maryland. These clauses are illegal in consumer contracts in Maryland. However, that may not stop an unscrupulous creditor or debt collector from trying to use one as a negotiation mechanism. Consumers need to be aware of what these clauses are, and how they work to their detriment, before signing documents.

To learn more, please review this month’s Newsletter “Confessed Judgment Clauses & Debt Collection.”  You can also watch two webinars on our YouTube Channel ConsumerWise:

• Dealing with Debt and Understanding Your Credit Report and
• Credit, Your Credit Score and Debt Collection.

 

                                                  

 

If you would like our assistance in resolving or addressing a consumer-merchant dispute, you can file a complaint and have an investigator review. Please file a complaint using our Online Complaint Portal. 

If you have questions regarding a consumer issue or transaction and your rights, you can:

• Consult our A to Z Library on our website
• Subscribe and watch our webinars and videos on our YouTube channel @ConsumerWise
• Email us at consumer@montgomerycountymd.gov

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