Explanation Law Collection Agency

If you have ever been contacted by a collection agency debt, you know you can be an unpleasant experience. A collection agency can turn simple acts such as checking email or answering the phone, on the dreaded task. However, it is important to know that there is a law designed to protect people who contact the collection agencies. The FDCPA (Fair Debt Collection Practices Act) was enacted to maintain debtcollectors abuse, harass, or deceive a person when you try to collect a debt. It also provides strict guidelines to follow with debt collectors collecting debts. In this article, we will have this collection agency law explained in simple terms to better inform borrowers of their rights.

To begin with, this Law is very clear about the practices of debt collectors must follow when in contact with the debtor. Collectorallowed only during reasonable hours (usually 8:00 to 9:00 p.m.), but also can call a debtor at work. However, if the debtor notifies the collector that your employer wants to terminate the call, the debt collector must stop calling the person at work.

There are also rules of conduct for the collection agency must follow when collecting a debt. A debt collector may not harass peopletrying to collect a debt. Examples of harassment are more calls, insulting the debtor, or using obscene language. A debt collector is not allowed to make false statements when collecting a debt. Examples of false statements posing as a government official, so that threats (lawsuits, imprisonment, confiscation of the house and property, etc.) or that the debtor owes more than what they actually do. In addition, a debt collectorYou can not use unfair practices when attempting to collect a debt. Such practices include the collection of an amount greater than what the debtor must actually, or sue the debtor for a debt I owe.

The FDCPA requires agencies to notify the collection of debtors of their rights, and all correspondence (mail or phone) should contain the contact information is used to collect a debt. The only reason a collection agency cancontact with others (family or friend) is to acquire the debtor's phone number or address. If the agency has collected such information, are prohibited from communicating with a third party. It is also illegal for collection agencies to tell a third person they are trying to collect a debt.

The FDCPA is to protect the rights of the debtor to make payment agent working in a clear and concise. If a person is contacted by a debtCollector feel you are experiencing the violations described in this article, it is important that these have been carefully documented misconduct. The reason for this is that applications can be tested if the defendant decides to take legal action.

Now that you have read this collection agency says you should feel more confident about their rights if they ever contacted by a debt collector. It is best to avoid these situations to keep them updated ontheir debts, but it's good to know that the FDCPA if ever be on the receiving end of a call to the collection.