Debt Collection Harassment is against the law. If you’ve been threatened with bodily force, arrest, harm to your reputation or property, or charged with a crime in connection with your debt, then you may be entitled to bring a lawsuit against your debt collection agency.
Debt collection agencies are not allowed to misrepresent who they really are, and cannot say that they are calling from an attorney’s office unless they are an attorney themselves.
Debt collection can be a scary situation to find yourself in, especially with the current state of the economy. If a debt collector is getting in touch with you, there are steps you can take to relieve your debt and make sure the phone calls stop ASAP.
Debt collection agencies train debt collectors who will be paid a commission on collecting a debt. Their particular salaries are normally very low and how much they take home is mainly dependent on how much they collect. This often drives them to behave in an unethical and rude manner in order to gain income. In the bargain they do not extra the innocent consumers.
The debt collection agency may well have paid a small fee for the right to take the debt off your original creditor and chase you for it. This means that they can potentially make a large profit even though you don’t pay them in full, so you may want to consider negotiating some sort of one-time payment. You could get up to a 50% discount if they are willing to agree on this quick return. However there are positive and negative sides to debt settlements, which must be considered in order to come to a decision as to whether or not debt settlement is right for you.
The Fair Debt Collection Practices Act ( FDCPA ) allows residents of all states with significant rights and protections against abusive, illegal and fraudulent debt agency practices by debt collectors. Some of the debt collection practices prohibited by the FDCPA include using obscene/abusive language, lying and phoning a debtor at work if the debt collector knows that the employer does not allow this to occur. Any debt collector should also not disclose the debt to anyone else, for example friends, family members or co-workers. They are only allowed to deal with you.
Are you a victim of debt collection calls? First, find out if the debt collection business has been calling you by mistake. Even if they are calling by mistake or calling to ask for family members or a friend, the Fair Debt Collection Techniques Act (FDCPA) protects you from any type of nuisance from debt collectors, whether it be over the phone or in person . If a collector calls you constantly despite your repeated demands that they stop doing so, the FDCPA protects you by allowing you to bring legal action against the debt collection agency.