by Alex Tesla
Dealing with creditors and debt collection agencies is definitely a difficult ordeal. Their annoying and persistence way of tracking you down regardless of where you are could be extremely frustrating for you, your family and even your fellow colleagues.
Thankfully, to protect the overly abused debtors, there is the Fair Debt Practices Act or the FDCPA for short. It's a federal law that bans unfair debt collection practices which will have an effect on the quality of debtors' life significantly.
While this article does not list the whole act, it is good to know the common illegal debt collection practices so that you will not be intimidated and know how to deal with them.
1. Speak to third parties such as your families, friends, neighbors or employers about your debt. Unless the court has given them permission for your creditors to do so, it is illegal for them to contact third parties about your debt. But they may contact third parties for the reason of locating you. Even so, creditors should not discuss why they are searching for you, except if you're a minor.
2. Contact you at odd hours of the day - late night or too early in the morning. Under normal circumstances, any time between 8am to 9pm is a suitable time for them to call. Under no situation should your creditors contact you when you're sleeping, for instance at 3am.
3. Calling you over and over again by phone or not identifying themselves when they call.
4. Continue to contact you when you're represented by a lawyer or when they have received a written request from you to cease calling you. ( a cease letter)
5. Make threats, make use of obscene, profane or abusively languages and comments on you.
6. Misleading you that they are affiliated with any state or federal government, or the legal status of your debts.
These are only a few of the common illegal debt collection practices. The FDCPA bans nearly any abusive, dishonest and unfair debt collection practices that may have an effect on the quality of your life significantly.
To discover more about your rights as a debtor, visit www.ftc.gov/os/statutes/fdcpa/fdcpact.htm for much more information. It is definitely good to know your rights because they give you a way of dealing with your creditors such that they don't exploit you. Nonetheless, realize that the purpose of the FDCPA would be to assist you to deal with creditors and not to ignore them and your debts. - 41115
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New Unique Article!
Title: Fair Debt Collection Practices Act - Know Your Rights As A Debtor
Author: Alex Tesla
Email: chloetuvilla@ymail.com
Keywords: Debt Collectors,lvnv funding,nco financial
Word Count: 415
Category: Finance:Debt Consolidation
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