You should know that in either situation the Fair Debt Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection. The law doesn’t forgive any legitimate debt you owe, of course. debt collector? It really does not matter just how much you feel you know about debt collector, visit Apply for payday loan in Mississauga, and learn more about this topic..
This brochure provides answers to commonly asked questions to assist you understand your rights under the Fair Debt Collection Practices Act.
Debt Collector: More News
Personal, family, and household debts are covered by the Act. This includes money owed for the acquisition of an auto, for medical care, or for charge accounts.
Other Important Debt Collector Considerations
A debt collector is any person, other than the creditor, who regularly collects debts owed to others. This includes attorneys who collect debts on a periodic basis under a 1986 amendment to the Fair Debt Collection Practices Act.
A collector may contact you in person, by mail, telegram, FAX, or telephone. However, a debt collector may not contact you at unreasonable times or places, such as before 8 a.m. or after 9 p.m., unless you agree. A debt collector also may not contact you at work if the collector knows that your employer disapproves.
You may stop a collector from contacting you by writing a letter to the collection agency telling them to stop. Once the agency receives your letter, they may not contact you again except to say there’ll be no further contact. Another exception is that the agency may notify you if the debt collector or the creditor intends to take a few specific action.
If you have an attorney, the debt collector may not contact anyone other than your attorney. If you don’t have an attorney, a collector may contact other people, but only to know where you live and work. Collectors usually are prohibited from contacting such permissible third parties more than once. In most cases, the collector isn’t permitted to tell anyone other than you and your attorney that you owe money.
The collector must send you a written notice telling you the quantity of the money you owe; the behalf of the creditor to whom you owe the money; and what action to take if you think you don’t owe the money within five days after you’re first contacted.
A collector may not contact you if, within 30 days of you’re first contacted, you send the collection agency a letter stating you don’t owe money. However, a collector can renew collection activities if you’re sent proof of the debt, such as duplicated text of a bill for the sum owed.
A debt collector may not contact you if, within 30 days of you’re first contacted, you send the collection agency a letter stating that you’re not liable for the debt. However, a collector can renew collection activities if you’re sent proof of a debt, such as a bill or invoice.
If you owe more than one debt, any payment you make must be applicable to the debt you indicate. A debt collector may not apply a payment to any debt you believe you don’t owe.
You have the right to sue a collector in a condition or federal court within one year from the time you believe the law was violated. If you win, you may recover money for the harm you suffered. Court costs and attorney’s fees also can be recovered. A group of people also may sue a debt collector and recover money for damages up to 000, $500, or 1% of the collector’s net worth, whichever is less.
Report any problems you have with a debt collector to your state Attorney General’s office and the Federal Trade Commission. Many states also enjoy their own debt collection laws and your Attorney General’s office can help you identify your rights.
If you have questions about the Fair Debt Collection Practices Act, or your rights under the Act, write: Correspondence Branch, Federal Trade Commission, Washington, D.C. 20580. Although the FTC generally cannot intervene in individual disputes, the information you provide may indicate a model of possible law violations requiring action by the Commission.
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