Everyone has heard the horror stories about debt collection agencies. Obviously, most of these companies were breaking the law in whatever they did to collect the money owed. Many people don’t know what these collectors can do right, and what they can’t do, that’s a big question. Such a lack of knowledge means that millions of people can fall victim to shady and even illegal schemes used by debt collectors. So with that in mind, here are five things collection agencies can do wrong.
1. Choose any matter without litigation.
It’s not easy for a company to seize your assets without a lawsuit, but it can be done in a number of different ways – all illegal. Without a court order, a debt collector cannot seize any of your bank accounts, assets or paychecks. . Don’t be fooled into handing these things over without trial or hearing. Until the judge says so, you owe nothing to the company. You are doing well, but not by paying first.
2. To receive a man fired from his office.
Collectors are allowed to call a person’s office but cannot talk about a person’s debts. However, some callers try to talk about debts, and even try to get the person fired from their job. This kind of move is completely illegal in many ways, but organizations try it from time to time. You must immediately report the matter to the Federal Trade Commission.
3. Use violence or threats against the debtor
Apparently physical and verbal threats are against the law in many other cases. A collection agency can in no way threaten you or solve the law. There are also no veiled threats to debt collectors. First, you should not receive any form of harassment from these companies. You should report the violence and threats to local authorities, file a complaint with the FTC, and consider filing your own lawsuit against the company.
4. Do not disclose any information about any debt except to the credit bureaus.
Collection agencies can contact the credit bureaus about your debts, which are noted on your seven-year report. and it is difficult, if not impossible, to be removed. But the agency cannot talk to anyone about your debts, or even mention them. These companies can ask your friends and family members for your contact information, but they are breaking the law the second they talk about the debt of any name. yours
5. To communicate with the debtor after the letter of communication has ceased.
By law, the debtor can send a collection “communication” letter. The debt collector is then prohibited by law from contacting the person by telephone and sometimes by mail except in some case. For example, the driver might have to inform someone about all pending lawsuits, or something like that. Otherwise, he must receive some communications. A collector violates the law if he makes any calls that are not permitted by Fair-debt-collection-practices-act”>Fair Collection Practices Act.
Don’t be misled – the law is clear on what decumanes can and cannot do.
There isn’t much of a gray area when it comes to debt collection agencies and what debtors can do. In this vein, don’t even fall into shady or even illegal ways. If you feel harassed, the company is probably breaking the law in some way. Fortunately, most debt collectors are legal businesses that only try to collect debts, but you still need to be on top. those treatments that blatantly violate the law in some way. Don’t be a victim!
For more information, visit the Collection Agency FAQ.
