What are my rights as a debtor?
You have the right not be harassed just because you find yourself in a
financial situation where you can't make a bill on time. The collection
agencies are governed by law and cannot do any of the following.
Call your home before 8:00am or after 9:00pm at night
Call you at your place of business or office line.
Contact family members
Speak to you in an abusive way; harass you in any manner
Make false statements of lie to you about your account state or threaten or add
new unauthorized charges
What can I do if they don't comply?
If and often when the collection agencies fail to abide by these laws, you need
to get active. Tell them to stop harassing you. Inform them that they are in
violation of the law. When all fails and the credit harassment continues
contact your local State Attorneys office or Better Business Bureau and file a
formal complaint with them. Under the Fair Debt Collection Practices Act, you
may also request that you acknowledge the outstanding collection account. If
this is done in writing they will only legally be able to contact you in any
manner to inform you that the collection agency is going to sue you or if the
collection account has been settled or dropped. A credit specialist can assist
you if you don't know where else to turn.
Tricks and Ploys Used by Collection Agencies
Collection agencies do not make their money by being bad at what they do. They
will find ways to bend, steer around, and mislead you in an effort to settle that outstanding debt
right than and there, regardless of whether you actually
have the money. They may insist on a credit card payment, ask you to spill the your credit history and
financial situation is not their concern, closing that account is. Some
collection agencies will maintain that you must pay via a tele-check, giving
the collection agency access to your checking account! If you can't pay you
simply cannot pay, while going along with any of these ploys above may get you
off the phone and is sure to please the collection agency, none will move you
any closer to getting out of debt
Final word on Credit Harassment
Knowing your rights as outlined here is the first step to being free from the
endless phone calls and harassment. Make the collection agencies follow the law
and if not fight back. If you need help,contact a credit specialist.
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