Fair Debt Collection Practice Act
Do you receive threatening phone calls from third-party creditors
at all hours? Do they try to contact you early in the morning
and late at night, threatening legal action that never seems
to materialize? Well, you should know that these tactics aren't
just scary and demoralizing--they're illegal. And you can
make it stop, thanks to the Fair Debt Collection Practices
Act.
Let's face it, no one likes to be in debt. You may have every
intention of paying off your debts when you have the money
available, but in the meantime, you may be spending more time
screening calls than working out your finances. The Fair Debt
Collection Practices Act is a liability law that prohibits
abusive or dishonest conduct by third-party debt collectors.
What does this mean for you? Collection agencies are not
allowed to call before eight o'clock in the morning, or after
nine o'clock at night. They can't threaten legal action or
an arrest that won't actually be made. (This is a common tactic
shady debt collectors use to try to scare you into borrowing
more money to pay off your debts.) Also, they can't discuss
your debts with any unrelated individuals--like your children
or the baby sitter.
Know More about the Fair Debt Collection Practices
Act
Some debt collectors employ a "by any means necessary"
policy when it comes to recovering money for a debt. But the
Fair Debt Collection Practices Act protects you from intimidation
and harassment. If third-party collectors are found in violation
of the Act, you may be entitled to damages both actual and
punitive, as well as lawyer fees and court costs. Know your
rights, and stop the scare tactics today.
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