Facts About Debt Collection You Should Know

Two scenarios play in mind when it comes to debt collection. The first is the debt collector asking for payment because it’s their job and debtors just have to take responsibility for their actions. Then again, there’s abusive debt collectors who will try to embarrass debtors into paying the debt and delight in the other party’s fear of being in an untenable position.

Fact is, not all debt collectors and debt collection companies are using abusive and demeaning collection strategies. Some treat delinquent debtors with respect, and aren’t at all pushy. However, there are others who have quotas to complete or are given orders to do all that’s necessary to get what they need. Unfortunately for debtors, there is no way of telling which camp the collector falls into which is why it is important to understand the provisions of the FDCPA or Fair Debt Collection Practices Act. For those dealing with debt claims, here are practical tips to consider:

  • Keep a great record of all written correspondence or phone calls. Note the date, time, the name of the collector and the company he or she works for. The FDCPA has outlined when a debt collector can call, how to represent himself and how to treat the debtor during the call. Same goes for written correspondence. Make sure to keep all collection letters, envelope included.
  • If you can, consult a fair debt lawyer to help you come after abusive debt collectors. Have the lawyer check what complaints you can file. If you win the case, you might just collect a fine and you won’t pay a single cent for the representation.

The truth is that, debtors who find themselves unable to pay their debts are often a direct result of conscious choices made and in other cases, made from unavoidable circumstance. Whichever the case, it is important to know more about the local laws and federal laws enacted to protect consumer rights against abusive debt collectors.

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