Pay Attention To What Debt Collectors CAN And CAN'T Do
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The first subject is harassment. Debt collectors are allowed to contact you by both mail and in person. Those methods of contact can be both at home and at your place of work. They may not use threats of violence or harm. This includes us of profane or obscene language. They are not allowed to publish a list of names of people who decide that they don't want to pay their debts. They are not allowed to use continual use of phone calls to annoy someone.
The next issue is concerning false statements. When debt collectors attempt to collect a debt, they are not permitted to lie. They can't say that they are government representatives or that they are attorneys. They also can't say that they are calling from a credit rating company. They cannot say that you committed a crime, or make up how much it is that you owe. Debt collectors are also not allowed to say that you will be arrested if you do not pay back your debt. They cannot threaten you with legal action. Debt collectors must represent what company they are from and may not use a false company name.
Unfair practices are another group of problems that commonly arise. Debt collectors cannot try to collect any interest, fee, or other charge on top of the full amount you owe unless the contract that created your debt, or your state law, allows the charge. They cannot deposit a post-dated check early. They cannot acquire or threaten to take your property unless it can be done legally; or contact you by postcard.
A common concern is whether or not a debt collector can garnish your bank account or wages. If you don't pay a debt, a creditor or its debt collector generally can sue you to collect. If they win, the court will enter a ruling against you.
The judgment states the quantity of money you owe, and allows the creditor or debt collector to get a garnishment order against you, directing a third party, like your bank, to turn over funds from your account to pay the debt. Wage garnishment happens when your employer denies part of your compensation to pay your debts. Your wages usually can be garnished only as the result of a court order. It is very important that you don't ignore a lawsuit summons. If you do, you lose the opportunity to fight a wage garnishment.
Article Source: Articlelogy.com
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