Today, if you have overdue payments on credit cards, loans, mortgages or any other creditor, which may mean that you start the day with phone calls, is full of phone calls and ends up with phone calls. These calls can not be in your family and friends, but collection agencies, whose job is to make back the money you borrowed / spent. Although collection agencies should be above board and ethical in theircollection practices>, there are many who do not follow the rules.
WHAT ARE THE RULES?
What are the rules? Well, the Fair Debt Collection Practices Act (FDCPA) is a set of rules governing how a collector may groping going to pay a debt of the past. The FDCPA is being done to help protect consumers who have been harassed and mistreated by coordinating bodies of the collection. This need to act with reason, prohibits certainand collection of behavioral tactics used by the agencies to come and provides a way for consumers to sanction agencies that do not comply with the law.
By law, any external collection agency (not in a store or business of the original creditor agencies) can not:
a) to call home a disturbing way (called on numerous occasions during the day)
b) threaten to hurt or threaten criminal charges
c) call your house before 8 am orafter 21:00
d) is called directly if they know they are represented by counsel
e) call on their neighbors and become a debt
f) will give a quantity of counterfeit money, claiming they are owed
DEBT TO MAKE YOU
The fact that a debt collector contacts you do not always mean that the debt is owed. If you get a warning about a debt you do not recognize, it shall inform the collector by mail immediately. His viewsend to you to inform you of the debt must include information that tells how the communication, if you think that I have the money. Be sure to tell when one considers that the debt is not yours. Many people have been notified when a debt for someone with the same name that was sent to the collection.
Collection agencies KNOW YOUR HISTORY
A collection agency to do background research on that long before calling itbe prepared to know everything about you and your financial life. You may already know where you work, how much money you make, what kind of neighborhood where you live, as they have a copy of your credit report. Your credit report can tell if you're paying the debts of another (you can use this to try to make you feel bad for not paying the debt they are trying to collect). You can see if you have any ongoing trial against him and use it tothreatening saying that you can get another court against him, could be a hassle for you to do.
Know your rights and use
It 's very important to know their rights when dealing with collection agencies can be exploited for many. For example, you can ask a collection agency to contact via e-mail instead of calling you. Some say that you should never talk to a collection agency by telephone,have no proof of what was said. collection agencies have been known to falsify payment agreements and negotiations in order to have a record of all relations with them is important. If you only deal with them in writing, which makes it much easier for you to feel what has happened between you and the agency.
Remember, the main objective of a collection agency is to pay money. There are many reputable agencies out there, but there are many who use subtle andunethical tactics to get the money they seek. Take a few minutes to look over the Fair Debt Collection Practices Act to see if they have been treated properly. Just because you have a debt "which must be harmed or harassed. If it comes to collection agencies, being aware of the law can help you get in a time of debt and are leading in the right direction.
No comments:
Post a Comment