This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/08/24/5-things-to-remember-when-dealing-with-debt-collectors/
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Debt collection calls are not usually something you can wish for. It can be stressful knowing that you have an outstanding debt that ought to be paid and nowhere to turn to. Furthermore, most debtors believe that the use of threats will frighten you into paying them. However, this can lead to unnecessary tension and make the situation worse. However, knowing when dealing with a debt collector is essential.
Below are some things you should be aware of when dealing with a debt collector.
1. Understand the Fair Credit Reporting Act.
You can use Google to collect the information on the act and if possible print it out. Debt collectors have the right to collect a debt you legitimately owe but you also have rights as well! However, there are rules known as FDCPA (Fair Debt Collection Practices) which govern how debt collectors can go about their affairs.
Therefore, you need to know your rights and never allow abusive behavior from any debt collector. Furthermore, debt collection acts forbid this kind of behavior. In case a debt collector uses offensive language or harasses you, you need to document this and keep a record of forms of harassment. You can later record a complaint with the Federal Trade Commission.
2. So many calls are unlawful.
This is yet another facet of the FDCPA, how many times a day can a debt collector call. Debt collectors should not call you very early in the morning or late at night, or too many times per day once you prohibit them from doing. As per the FDCPS guidelines, the debt collector should discontinue contact if you send them a letter asking them to do so. However, you also need to retain a copy of the letter for your records. The note won’t exempt you from your actual debt but can be used to stop unnecessary phone calls.
3. N… Read More
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