Why you should answer the phone when the debt collector calls

With turbulent unemployment rates, foreclosures in a higher level, and the U.S. economy still in chaos, more Americans than ever feel they are drowning. Maybe it's because they are underwater in their mortgages or perhaps because they are forced to hang their hopes on what sometimes seems like a do-nothing Congress to extend unemployment benefits. For these and many other reasons, everybody is doing everything possible to keep afloat alone.

Unfortunately,> Collection Agencies Debt understand that people are more vulnerable than ever, and can use this knowledge to try to take advantage of consumers. Have died, consumers tend to be victims of unscrupulous debt collectors. Knowing that you are late in paying bills is one thing to be persecuted and harassed by collection agencies debt to add salt wound.

However, as tempting as it may be to ignore the debt phone calls and letters, that is in your best interest to answer the phone when you call a debt collector. Why? On the one hand, knowledge is power. When answering the phone, you get valuable information that can work to your advantage. That may be hard to believe, but keep reading.

The industry of debt collection is governed by the Fair Debt Collection Practices Act, a federal law that describes what is legal and illegal> Debt collection behavior. When a debt collector violates the FDCPA, you have every right to sue the agency in federal court. When you do, there are several possible outcomes. Often, the case negotiated out of court, which means you could receive a cash payment or part or all of the specific debt could be erased. If the case goes to court and the court finds in your favor, you may receive a reward of up to $ 1.000.

Before you protest, if could afford a lawyer to have a debt in court, then he could afford to pay the debt, you should know that the FDCPA states that if the court finds in their favor, the collection agency that violates the law must pay the legal costs. This is why debt fair reputation of lawyers will not charge you to represent yourself, but get paid, but paid by those who violate the law.

What this has to do with answering the phone when a> Collector calls? Keep a log of calls to debt collection, including dates and times of calls, calls, and what has been said, is an important first step to establish a violation of the FDCPA. When answering the phone and talk to a debt collector, you can begin to gather evidence of the allegations. E 'against the law for a debt collector threatens you, call the point of harassment, call and hang up on several occasions, to make a callworkplace if it has indicated that it wishes to be contacted there, and call early in the morning or late at night. There are a number of other behaviors that are illegal under the Fair Debt Collection Practices Act. It is important to know your rights, contact a lawyer fair debt collection agencies and maintain their unethical actions.