2013년 11월 22일 금요일

Cecil Lieb 's blog ::Charge Off Turned Over to a Collection Agency







Cecil Lieb 's blog ::Charge Off Turned Over to a Collection Agency








Falling               behind               on               bills               is               an               increasingly               common               experience               in               a               tough               economy.

But               there's               an               even               more               stressful               experience               that               often               goes               hand               in               hand               with               missing               payments:               dealing               with               collection               agencies.

Third               party               collection               agencies               are               companies               that               purchase               your               debts               from               the               person               or               company               to               whom               you               originally               owed               them.

These               agencies               often               relentlessly               hassle               consumers.

Consequently,               the               Fair               Debt               Collection               Practices               Act               was               enacted,               which               provides               numerous               protections               to               consumers.

Here's               an               overview               of               what               the               law               says               collection               agencies               can               and               cannot               do:               When               Collection               Agencies               Can               Contact               You               
               The               law               says               that               collection               agencies               cannot               call               you               more               than               once               per               day               and               must               call               only               between               the               hours               of               8:00               am               and               9:00               pm.

Further,               a               collection               agency               must               stop               calling               you               if               you               send               them               written               notice               requesting               them               to               do               so,               and               they               cannot               call               you               at               work.

They               also               cannot               call               you               at               a               time               you               have               told               them               is               inconvenient               for               you.
               How               Collection               Agencies               Can               Contact               You               
               The               Fair               Debt               Collection               Practices               Act               also               place               limits               on               what               third               party               collection               agencies               can               and               cannot               say               to               you               on               the               phone.

Collection               agencies               must               explicitly               identify               themselves               as               such               and               cannot               pretend               to               be               an               attorney,               a               friend,               etc.

A               debt               collection               company               cannot               threaten               action               they               do               not               intend               to               take,               like               a               lawsuit,               or               action               they               cannot               take,               like               arresting               you.

They               also               may               not               use               abusive               language               or               racial               slurs,               or               "intentionally               harass"               you.

The               definition               of               intentional               harassment               is,               of               course,               up               for               debate               here.
               Who               Else               Collection               Agencies               Can               Contact               
               A               debt               collection               company               cannot               publish               your               name               on               a               "bad               debt"               list               or               send               you               mail               that               says               on               the               outside               it               is               from               a               debt               collection               company.

They               may               also               not               discuss               your               debt               with               third               parties,               though               they               can               contact               third               parties               to               obtain               your               address               and               phone               number               if               and               only               if               they               do               not               already               have               it.

A               collection               agency               cannot               contact               you               directly               if               you               are               represented               by               an               attorney               and               must               contact               your               attorney               instead.
               Other               Things               Collection               Agencies               Must               Do               
               A               third               party               collection               company               must               also               identify               the               name               and               the               address               of               the               original               party               to               whom               the               debt               is               owed,               as               well               as               inform               you               of               your               right               to               dispute               the               debt               if               you               do               not               believe               you               owe               it.

They               cannot               report               information               they               know               to               be               erroneous               or               in               dispute               to               a               credit               reporting               agency               and               they               must               provide               written               verification               of               the               debt's               validity               if               you               ask               them               to               do               so.
               Dealing               with               collection               agencies               can               be               stressful,               but               knowing               your               rights               can               make               the               process               easier.

Collection               agencies               can               be               fined               for               each               violation               of               the               FDCPA,               and               you               can               sue               them               for               damages.

If               you               believe               a               collection               agency               has               violated               your               rights,               report               the               violation               to               your               state               attorney               general's               office               here               and               to               the               FTC               www.ftc.gov
               Sources:               
               http://ftc.gov/opa/2010/01/academy.shtm               
               http://ftc.gov/bcp/menus/resources/guidance/credit.shtm






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