Collection agencies and my rights

Many consumers today is a situation we never had before. Maybe you're one of those people? There are a variety of factors that can lead to bad debt and financial management, the emergency exception is not a job loss or injury or medical condition. Whatever the cause, the end result is all that often the same, stress, anxiety and constant calls from collection agencies. Complete with too many bills and not enough money quite difficult, but they face each day with the knowledge that this is collection calls can be overwhelming.

Fortunately, borrowers have no rights, and it is important that you are aware of these rights to avoid being harassed or abused by debt collectors. Here are some of the rights under the Fair Debt Collection Practices Act you must take into account before collection initiatives.

> The collection agencies are not allowed to contact you before 08:00 or after 9:00 unless they have permission to do so. They were also forbidden to contact you at your workplace if you express verbally or in writing, that can not receive personal calls at work. Finally, I must not harass or abuse you with calls or messages of threat.

Debt collectors should not submit his financial information to anythird parties such as employers, relatives, neighbors or friends. The only people allowed to talk about his debt to you or your attorney.

Debt collectors are required by law to provide a validation notice that the name of the creditor on the details, how much you owe and what steps you can take if you want to validate the debt (in case you do not agree you owe the debt). This notification is made within five dayscreditor first contact.

Debt collectors may not lie about their identity or actions to be taken against you because of your debt. This includes claims that anyone, but they are, or lie about the debt you owe, how much you or threatening you with a ' legal action when such action will not occur. Subsequent verification date can not be filed before the date of inspection.

Other actions to be taken into accountinclude:

* Can not be arrested for not paying the debt - unless the debt was incurred illegally.
* Your wages, goods and property can not be seized without a warrant.
* Many of the federal benefits can not be seized, see the IRS website for a complete list.

If you feel your rights have been violated, you should report the violation to the 'office of the Attorney Generals office and the Federal Trade Commission. Collectors have the right to gropeto collect a debt, provided they do so outside the bounds of the law.