C³ (Cubed) Helpful Tips apropos customer Debt

Consumers' Rights With Regards to their Debt. some prohibited behaviors as outlined by Fair Debt Collection Practices Act by Collectors include.

How to Stop Debt Collectors Harassment

Unfortunately, not being able to keep up with one's bills is becoming vastly common with the downturn in the economy.  So if you have suffered financial setbacks and find yourself unable to pay credit card bills or other bills, you're in with increasing company.  In step with falling behind with your bills often come the debt collection companies...  They start calling and they keep calling, and then they call some more. 

What you may not know is that when you are being contacted by a debt collector, you have powerful protections under the Fair Debt Collection Practices Act or FDCPA which is a set of federal statutes that regulates what a debt collection company can and cannot do to collect a debt.  If a debt collector violates any provision of the FDCPA, they may wind up owing you more money than they were originally trying to collect from you!  For example, if you owed $348 in a past due phone bill that went to collections, and the debt collector violated the FDCPA, they could owe you up to $1,000 in statutory damages!  You collect the $1,000, pay the $348 you owned and the remainder is yours to keep! 

How does this work?  FDCPA provides for up to $1,000 in statutory damages if the debt collectors violates any of many rules regulating how they collect on debts.  Some of the more common violations are as follows:

-Excessive telephone calls.  It is a violation to engage your phone line in such a manner or with such frequency that any ordinary person would find it to be harassing.

-The debt collection company fails to send you written confirmation of the debt within five days of first contacting you.

- The debt collection company makes certain threats against you, such as garnishing wages, etc. for which they are not in the position to do. 

- The debt collector contacs and speak to others regarding your debt without your permission.

- The debt collection company calls your place of employment after they have been informed either by you or your employer that such is not acceptable. 

There are many more seemingly simple actions that will put the debt collection company in violation of the Fair Debt Collection Practices Act (FDCPA) and owing you up to $1,000.00!  Even if you owe thousands of dollars on a credit card balance gone to collection, the amount you own can be offset by the $1,000 in statutory damages.  Further, if the debt the collection company is trying to collect is past the statute of limitations or the debt collection company can not otherwise legally enforce the collection of the debt themselves, you can wind up collecting $1,000 without even paying the debt the collection company was after in the first place.

Debt Collector Laws Can Finally Give You Some Peace of Mind

If you're in debt, you may have had the experience of being harassed or annoyed by a debt collector. At inconvenient hours of the night, early in the morning, or at work, phone calls from debt collectors can be frustrating and irritating. But what can you do? Are there any debt collector laws that prevent them from doing these things to you?

Fortunately, there are laws that debt collectors must follow that prevent them from doing these things to you. The most powerful of these debt collector laws is called the Fair Debt Collection Practices Act, also known as the FDCPA.

The FDCPA is a Federal law that was created to prevent collectors from using unfair debt collection practices. These practices included harassment, fraudulent collection practices, and intimidation techniques.

Under the FDCPA, you have the right not be harassed by collectors. This includes phone calls before 8:00 AM or after 9:00 PM. It also includes phone calls at the place you work, if they know that your employer is not okay with it.

Debt collection agencies are also not allowed to use misleading or fraudulent information to collect on a debt. For example, they are not permitted to tell you that the sheriff will come and arrest you for failure to pay on a debt.

In addition to the protections of the FDCPA, your state may offer legal protections. Typing "debt collector laws" and the name of your state into a search engine will give you a good idea of what additional protections your state's laws offer.

Depending on which state you live in, there's probably a statute of limitations beyond which a debt is uncollectible. A quick search for "statute of limitations debt collection" and the name of your state will tell you how long a bill collector has to collect on a debt that you owe. Note that the debt may be subject to the laws of the state in which the company operates, or to the laws of the state in which you incurred the debt.

I have personally been tricked by debt collectors into paying a debt on which the statute of limitations had expired. I was so worried about paying off the debt and getting it off my credit record that I didn't even bother to see how old the debt was. So, I wasted $150 on a debt that I no longer owed. Don't be dumb like me - do a little research first and potentially save yourself hundreds of dollars.

If you have additional questions about your rights under the law, there are two places that you should go. The first is your state's Attorney General's office. They can tell you whether the debt collectors behavior is illegal under your state's laws or not. They can also tell you what remedies the law offers if a debt collector is behaving illegally.

The second place that you can go for answers about your rights under the law is the Federal Trade Commission, also known as the FTC. The FTC is the governing body that enforces the FDCPA. If you have questions or complaints about the behavior of a debt collector, the FTC can give you definitive answers.

Under the FDCPA, the FTC can accept complaints from debtors who are having trouble with collection agencies. The FTC can investigate these complaints and take legal action on behalf of debtors. They can even make debt collection agencies pay penalties for their illegal behavior.

Taking the time to learn your rights under debt collector laws can save you from a lot of hassle and harassment at the hands of debt collection agencies. Learn your rights, enforce them, and enjoy some peace of mind until you've had the chance to pay off your debt.

CBCS Collection Agency

CBCS, otherwise known as CBCS National, is a collection agency based out Columbus, Ohio. CBCS is a leader in the collection industry. They are known for illegally trying to collect on accounts that are out of the statute of limitations. They typically send letters stating that you owe them money. They will also call you by phone. Many times they are very rude and will even yell at consumers.

At their website, they claim to specialize in health care collections, but they are also known to collect for telecommunication companies such as MCI WorldCom and Bell South. CBCS seems to be highly disorganized and usually has very little knowledge of the accounts they collect on. They are known to frequently mix up family member names and call the wrong homes and workplaces harassing people that don't even owe them money.

If a CBCS employee ever calls you and asks you for personal information the best thing to do is ask them to quit calling and tell them you will handle the situation by mail. Never give them names of family members, work phone numbers, social security numbers, etc. Don't even tell them where you work. Debt collectors try to upset and intimidate consumers you into paying them money. They will also try to embarrass consumers and make them feel guilty - whatever it takes to get their money.

When dealing with collection agencies like CBCS, it's best to be prepared. Learn your rights and get familiar with the Fait Debt Collection Practices Act (FDCPA). The FDCPA gives consumers the right to dispute and obtain validation of debt information from a collection agency to ensure accuracy. The FDCPA creates guidelines under which debt collectors may conduct business and eliminates abusive debt collection practices.

It's also wise to get familiar with the Fair Credit Reporting Act (FCRA) and your state's debt collection laws. By being a wise and informed consumer you can fight back against debt collectors and their unlawful tactics.

The Pros & Cons Of Using Collection Agencies

Debt collection agencies act on behalf of creditors to collect on severely overdue accounts. Reputable agencies work within specific guidelines and adhere to the legal framework set down in Fair Debt Collection Practices Act, the federal law that regulates all collection agencies.

There are several advantages in using these agencies -

o they remove the hassle of pursuing debts from your company, saving you time and money;

o third party involvement in debt collection has proven time and again to improve your chances of recovering your money; these people are specialists in negotiating with debtors and the results usually speak for themselves;

o potentially a skillfully negotiated debt collection could mean continued future custom from the debtor;

o debt collection agencies can combine sales ledger management and debt collection;

o debt collectors keep you within the law...

The disadvantages are -

o debt collection does cost money; you are trading off the debt collection against any charges made by the collection agency and/or a percentage of the money collected (although there are lower cost, flat fee alternatives);

o the debt collection agency will be establishing a relationship with your customers which could be potentially harmful if they sour that relationship by not dealing with invoices in a courteous and diplomatic fashion...

Finally, remember to select a collection agency with a good reputation. Don't just shop for the best price. Remember- less reputable agencies can damage your own reputation as well as your wallet.

Fair Debt Collection Practices for Credit Cards

getprequalified.com If you are behind on your credit cards you should become familiar with the Fair Debt Collection Practices Act. Creditors do not have the right to harass you at work. Know your rights.

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