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Dealing with creditors and debt collection
agencies is always a difficult ordeal. Their
annoying and persistence way of tracking you
down no matter where you are can be very
frustrating for you, your family and even your
fellow colleagues.
Fortunately, to protect the overly abused
debtors, there is the Fair Debt Practices Act or
the FDCPA for short. It is a federal law that
bans unfair debt collection practices which will
affect the quality of debtors’ life
considerably.
While this article does not list the whole act,
it is good to know the common illegal debt
collection practices so that you will not be
intimidated and know how to deal with them.
1. Contact third parties including your
families, friends, neighbors or employers about
your debt.
Unless the court has given them permission for
your creditors to do so, it is illegal for them
to contact third parties about your debt. But
they may contact third parties for the purpose
of locating you. Even so, creditors must not
reveal why they are looking for you, unless you
are a minor.
2. Contact you at odd hours of the day – late
night or too early in the morning.
Under normal circumstances, any time between 8am
to 9pm is a acceptable time for them to call.
Under no situation should your creditors call
you when you are sleeping, for example at 3am.
3. Contacting you repeatedly by phone or not
identifying themselves when they called.
4. Continue to contact you when you are
represented by a lawyer or when they have
received a written request from you to cease
contacting you. ( a cease letter)
5. Make threats, use obscene, profane or
abusively languages and comments on you.
6. Misleading you that they are affiliated with
any state or federal government, or the legal
status of your debts.
These are just some of the common illegal debt
collection practices. The FDCPA bans just about
any abusive, dishonest and unfair debt
collection practices that might affect the
quality of your life greatly.
To find out more about your rights as a debtor,
visit
www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
for more information. It’s always good to know
your rights as they give you a means of handling
your creditors such that they don’t take
advantages of you. Nevertheless, understand that
the purpose of the FDCPA is to help you deal
with creditors and not to ignore them and your
debts.
About the author:
Moses Wright is the webmaster of Bulletpedia.com. He provides more helpful information on debt and bill consolidation tips, personal finance credit help and personal finance loan help that you can research in the comfort of your home on his website. You are welcome to reprint this article if you keep the content and live link
intact.
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