Debt Collectors Do’s and Don’t Under the Law
Debt collection is an unfortunate reality for many Americans, often more so with those struggling or dealing with unexpected financial restraints. Adding to the stress is the impact that facing debt collection can have on the individuals including finances and ability to receive credit, daily lives being disrupted by debt collection calls and letters, or even the stress of a potential lawsuit. Debt collectors can be aggressive, unfair, and downright nasty when attempting to collect debts. Despite these tactics, there are consumer protections in place for you, including strict rules to prevent using deception or deceptive practices, abuse, or unfair practices.
These rules and regulations are outlines in The Fair Debt Collection Practices Act (FDCPA) which provides the guidelines and regulations that debt collectors must follow, protecting the consumers against unethical and illegal practices. Despite those protections afforded by the FDCPA, many individuals are unaware of the restrictions placed on debt collectors. Making oneself aware of the protections afforded can help you protect your rights, address collection attempts, and ensure debt collectors are not violating the law.
Essentially, there are about eight things debt collectors cannot do when attempting to collect a debt.
Contacting you at inconvenient times
Harassing or abusing you,
Making false or misleading statements,
Contacting you after you have requested that they cease all communications with you
Discussing your debt with third parties
Threatening illegal actions
Failing to provide debt verification
Ignoring your rights under state and federal law.
Knowing your rights under the FDCPA can help you responsibly and appropriately address debt collectors.
