When the phone rings are you afraid that it is a debt collection agency? Then you need to learn about your protection under the law as a citizen. Debt collection agency employees have no right to distress, bully or use shakedown type tactics.
Moreover, there are absolutely no laws written demanding that you talk to or do business with debt collection companies. It is of no consequence even if they claim to have bought the account from the original lender. Whatever debt collection company employee tells you, you are not bound to share or discuss any private matters with these third party collectors.
Did you know that there are laws that govern debt collectors? These laws were designed to protect consumers from subversive debt collection company tactics. In times past they would threaten debtors with jail, lawsuits and even beating and physical harm.
Do you think debt collectors have changed their ways? You better reconsider my good friend! There are plenty of debt collectors that still bring into play practices that clearly breach the laws introduced to safeguard American citizens. In case you don't know those laws, make no mistake about it, collectors will take advantage of you!
How does a person learn these laws? There is about three laws every single citizen needs to be aware of. That is the Fair Debt Collection Practices Act, the Fair Credit Reporting Act and Debt Collection Statute Of Limitations. These laws clearly regulate the constraints by which all debt collection companies must do business.
Does anything take place when collectors break these laws? The backlashes are almost always unbearable! Many organizations are increasingly being sued by harassed citizens and are actually being compelled to remunerate consumers as opposed to collecting a debt.
A quick online check will reveal an endless number of debt collectors being sued, shutdown and even arrested. Although the penalties happen to be considerable, these businesses survive because there are essentially billions of dollars being generated by debt collectors.
Here is the bottom line! If you are in debt and debt collectors have been contacting you, stop what you are doing and learn your rights. Don't wait until they drive you mad. Once you know what they can and cannot do, your life will be better.
When you hear that these laws give you muscle, believe it! Are you aware that, by law, any time you correctly order a debt collector to not phone you or send you collection letters, they must halt? The majority of people having debt obstacles have no clue they already have this particular force at their fingertips.
Moreover, there are absolutely no laws written demanding that you talk to or do business with debt collection companies. It is of no consequence even if they claim to have bought the account from the original lender. Whatever debt collection company employee tells you, you are not bound to share or discuss any private matters with these third party collectors.
Did you know that there are laws that govern debt collectors? These laws were designed to protect consumers from subversive debt collection company tactics. In times past they would threaten debtors with jail, lawsuits and even beating and physical harm.
Do you think debt collectors have changed their ways? You better reconsider my good friend! There are plenty of debt collectors that still bring into play practices that clearly breach the laws introduced to safeguard American citizens. In case you don't know those laws, make no mistake about it, collectors will take advantage of you!
How does a person learn these laws? There is about three laws every single citizen needs to be aware of. That is the Fair Debt Collection Practices Act, the Fair Credit Reporting Act and Debt Collection Statute Of Limitations. These laws clearly regulate the constraints by which all debt collection companies must do business.
Does anything take place when collectors break these laws? The backlashes are almost always unbearable! Many organizations are increasingly being sued by harassed citizens and are actually being compelled to remunerate consumers as opposed to collecting a debt.
A quick online check will reveal an endless number of debt collectors being sued, shutdown and even arrested. Although the penalties happen to be considerable, these businesses survive because there are essentially billions of dollars being generated by debt collectors.
Here is the bottom line! If you are in debt and debt collectors have been contacting you, stop what you are doing and learn your rights. Don't wait until they drive you mad. Once you know what they can and cannot do, your life will be better.
When you hear that these laws give you muscle, believe it! Are you aware that, by law, any time you correctly order a debt collector to not phone you or send you collection letters, they must halt? The majority of people having debt obstacles have no clue they already have this particular force at their fingertips.
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