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Posts Tagged ‘debt collectors’

Do you get irritated or frightened every time your mobile rings thinking it might be a call from collection department of your creditors? Yes, this is the situation facing by many American presently as many are seriously delinquent on debts. It is more frustrating when the debt collector calls you at work over your mobile or work phone. If this is the situation that you are facing then you are at the right place as in this article I decided to let the people going through this situation know how to stop the calls coming in from debt collectors.

As the number of people encountering debt problem during economy slowdown, American congress came enacted a legislation that regulates debt collectors and collection attorney actions and helps in protecting the rights of debtors.

It is very important for every consumer to know about fair debt collection practices act in order to stop the collection agencies from harassing you. Fair debt collection practices act states that debt collectors or collection attorney should not harass debtors by calling them repeatedly over mobile or work and home phones.

According to this act if you want the debt collectors not to call you, then you must request the debt collectors in writing specifying not to call you at home and at work. You should make sure to tell them this when they call you first time and under any circumstance you can not afford to make payments. If they do not stop calling you, then your request should follow up with a certified letter that is accompanied with acknowledgement of the receipt from lender.

After requesting the debt collector to not to call again and again until the time you mentioned in future, even after your inability to pay off the amount, then you can tell the debt collector that you will sue him under the fair debt collection practices act at FTC and the attorney general.

But one thing to keep in mind is that you can not stop the original creditor from calling you in an effort to collect the amount you owe them. The fair debt collection practices act does not apply to original creditors to stop calling you. In this case instead of mentioning fair debt collection practices act, quote state law that is governing original creditors and that has similar provisions to federal act.

Therefore to make them stop calling you further and harass, here are few things that you must that you must take care when you deal with collection agencies.

First, put everything in black and white – this is best way that can be helpful when you are dealing with collection agencies. If possible record your conversation with debt collectors and at the same time make sure you get an acknowledge for the request you made to stop calling you under the act fair debt collection practices act.

Second, if the debt collector does not stop his efforts, remind him that you can raise a compliant against him with FTC and attorney general.

This all is possible only when you have knowledge of fair debt collection practices act. So make sure to have an idea of act before dealing with debt collectors.

Articles on this site have been acquired from a variety of sources.  No content on this site should be considered financial or legal advice.