The Fair Debt Collection Practices Act regulates the actions and activities that debt collectors can take in order to collect a debt from you. There are many restrictions in place that are meant to prevent debt collectors from committing debt harassment. However, debt harassment across the United States occurs on a daily basis. This is because many debt collectors simply ignore the laws in order to make a quick buck. They know that the majority of consumes have absolutely no idea that they have rights and what those rights are. The good news is that we are here to help explain things to you.
That way you can be protected from the illegal tactics, and extreme measures that some debt collectors partake in. Even if you are willing able, and ready to settle the account in order to get that monkey off of your back, there are things that you should be aware of. The bottom line is that your life will be a whole lot easier if you go about it correctly when dealing with a collection agency or debt collector. For example, a debt collector is not allowed to solicit a postdated check from you in order to settle the debt. They are not allowed to deposit or even threaten to deposit a postdated check prior to your intended payment date.
Collection agents are prohibited from collecting more than the debt that you owe, which may include fees and interest. The reason you should postdate a check to a debt collector is because despite their promises, the debt collector might deposit the check before the date specified. If a debt collector threatens to take property, don’t hesitate to file a complaint. Also be sure to know exactly how much you owe by validating the debt before you make a payment. Debt collectors may attempt to collect the debt in person. Be aware, however, that any practices that are intimidating or threatening are a violation of the Fair Debt Collection Practices Act.
Debt collectors must validate your debt, meaning they need to prove that you actually owe the debt that they’re attempting to collect from you. This process is supposed to start with a validation letter. If you request a verification letter the debt collector must provide you with one. The letter must be sent out within five (5) days of the initial contact. It should contain the amount of money that you owe, and the name of the original creditor. The letter should include a statement that alludes to the fact that the debt collect assumes the debt is valid unless you dispute it within a thirty (30) day timeframe.
If you feel that you are being treated unfairly by a creditor or collection agency, please contact us immediately. Legal Rights Advocates, Inc. is a consumer advocate law firm that focuses on consumer rights protection services across the Unites States. We have well over twenty-five (25) years of combined experience helping consumers that are experiencing Debt Collector Harassment, Social Security Disability issues, and a whole lot more. LRA is truly your consumer rights advocate. We take great pride in the fact that our job is to protect you from deceptive and or abusive debt collection practices.
LRA is an accredited member of the Better Business Bureau, and we have well over 500 Five Star Rating Reviews online from across the United States. Our goal is to assist you each and every step of the way regarding your rights for consumer protection. Please call us today for more information at 855-254-7841 or click here to visit our website. We look forward to working with you.
