Special Report - Stop Debt Collectors
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A constant source of stress is getting into financial trouble due to your debt. Your stress will be doubled by the pressure of having late payments and trying to get the money together to meet your bills and then dealing with harassment from debt collectors on top of that.
Debt collectors are extremely pushy. The good news is that you have certain rights, provided by law, when a debt collection company begins to contact you. If you follow these steps, you can bring harassing debt collection calls to an end for good.
#1: Be sure you know your rights. There are state and federal laws to protect you from debt collectors. There is a federal law that outlines the specific rights of consumers as well as the limitations of debt collectors. It is called The Fair Debt Collection Practices Act - FDCPA. Legally, your state provides additional protections. Speak with an attorney, legal services or a legal help group in your town so you can know more about your rights. You can visit FTC.gov to see the Federal Trade Commission's laws about collecting debts.
#2: Stop Them From Calling. According to the FDCPA you have the right to tell all the debt collectors to quit calling you. You can demand that debt collectors stop calling you, and they must comply; however, they may still take you to court. It will not always work to make a spoken demand. Additionally, send the debt collection agency a letter by certified mail or some other type of delivery that provides you with proof of receipt. In addition, debt collectors may not call you before 8 a.m. or after 9 p.m. Be sure to file a report with the Federal Trade Commission whenever debt collectors are in violation of this law.
Step 3: Keep Records. Be sure to keep complete and accurate records of the dates and times of calls, as well as of any letters you receive. As a matter of fact, document all contacts. It's not permissible to record telephone calls without prior approval in every state, but many allow it. Contact an attorney to be certain you're allowed to do this. In case you are unable to do so, you should still have a telephone log ready. Write down when the collection agency called, the caller's name, the phone number, terms they may mention, and any other important points regarding the call. You will have evidence for all complaints, which will serve as protection at a later date. Also make certain to maintain a record of all the calls and keep them handy.
Read the entire article on How to Fight Debt Collectors at thefinancialjourney.com
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