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Fair Debt Collection Practices Act

Fair

debt collection

rules

This is a must-know information for debtors. The

Fair Debt Collection Practices Act

regulates the activities of

debt collectors

, prohibiting them to use illegal means while collecting debts.

Debt collection

agencies and creditors are mandated to use lawful and fair methods in their activities.

So, here is a brief outline of

debt collection

rules and regulations:

-

Debt collection

agencies are not allowed to abuse or harass debtors, or oppress them.

- It is illegal for

debt collection

agencies to threat, harm the debtor or his property an reputation.

- Only a credit bureau is allowed to publish the lists of consumers refusing to pay off their consumer

debts

, whereas it is illegal for

debt collection

agencies.

- It is against the law to use profane or obscene language on a debtor or during a phone conversation with him.
- Harassing telephone calls that repeat to intimidate the debtor are also against the law.
- It is prohibited to intimidate debtors in public and advertise their debt in public places.
- It is against the law for

debt collection

agencies to use false statements while collecting

debts

.

-

Debt collection

agencies have no right to falsely imply that they are attorneys or government representatives.

-

Debt collection

agencies have no right to imply a debtor has committed a crime.

-

Debt collection

agencies have no right to imply they are a credit bureau representatives.

-

Debt collection

agencies have no right to lie about the amount of your

debt

.

- It is illegal for

debt collection

agencies to lie about the participation of attorney in

debt collection

.

- It is illegal for

debt collection

agencies to claim the papers they send you are legal forms when they are in fact not.

-

Debt collection

agencies are prohibited to threaten debtors with arrest in case they fail to pay out the

debt

.

-

Debt collection

agencies have no right to sell, attach, garnish or seize or do anything with your property or wages.

- It is illegal for

debt collection

agencies to threaten debtors with lawsuits the agency is not legally allowed to sue.

Despite all the above mentioned aspect of the regulations, you are not freed up from

debts

. When you owe, you have to pay out your debts. So, if you face harassment and intimidation from

debt collection

agencies – address us for a free counseling session to find out if the

debt collectors

act according to the

Fair Debt Collection Practices Act

or are they breaking the law.

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