When you fall behind with payments, you start getting calls and letters. That's how it works and if you have money you can not pretend that it does not. But there are limits to what a debt collector can do and what method can be used to contact you. You can stop the harassment or illegal methods to collect debts.
There is a law called the Fair Debt Collection Practices Act and protect it from abuse or harassmentPractices> by debt collection agencies session. Collection agencies often buy the debt by creditors. Usually pays cents and then start trying to collect the original amount and then some. There are also debt collectors who work on commission, which means that getting some of what they collect.
This is a big part of debt collection problems, these "sufferings" are sold andmarketing, and even when they are incorrect or false, which seem more and more. Therefore it is very important to keep track when a debt is settled or incorrect. You may need this information again.
Both federal and state laws prohibit many unfair methods of collection and annoying. Your state may have additional laws to protect consumers and can be found by searching your state laws and consumer protection. It is important to know their rights andyear when necessary.
Usually, the first point of contact is a phone call or letter from a debt collector. It is important to obtain basic information to the debt collector so do not ignore or hang up. These are the basic information you need to know (and write for future reference):
-Name of creditor
-Amount of original debt
-An explanation of the penalties or interest
"An explanation ofrights
contact information (name and phone number) of the caller
If the first contact by phone, the debt collector must provide this information in a letter within 5 days of the call. If this debt is inaccurate or has been resolved, it is necessary to record all the details and send to both agencies for the collection and the original creditor.
If the debt is true, you still have options to stop the collection agency. These arewith federal, state may have additional rules.
- Collection agencies are prohibited from 21:00 to 8:00
-No offensive language or threatening can be used
, If you do not want to be in contact again, writing a letter to the Agency and must stop
(You can include more than one letter)
"If you have an attorney write the letter, the Agency must then communicate only with
If the debt collector or the bodyabide by those rules can take legal action against them. But make sure you have documented evidence. You can also check with local legal services free. Many represent and take the case even without charge to protect their rights.
If there is a valid debt, the collection process does not stop when you stop the kind of harassment of collection efforts. The collection agency can be brought to court and to notify winners of a sentence, then have capacityliens placed on their personal property (not all assets - check local laws) and even garnishing wages.
It is best to reach some sort of terms to repay the debt. The payment plans are usually an option that both parties may agree, if necessary. Do not ignore the debt because the collection agency or creditor now has the right to proceed in court.
Debt collectors may not harass or abusive or illegal tactics. But it is still necessaryto address the debt if it is a legitimate claim. You can stop the harassment, but still faces the issue of debt and trying to solve.
No comments:
Post a Comment