Threating Creditors

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Threating Creditors

Post  Admin on Wed Oct 27, 2010 5:07 pm

Because collection agencies for unsecured creditors have only one way to get their money back, short of a lawsuit, they will call you relentlessly, send you mail and generally try to make you wish you had never defaulted.

There are some of the rules they must abide by, according to the Fair Debt Collection Practices Act.

They cannot tell anyone that they are collecting a debt. They cannot even mark the outside of mail notices with any indication that they are attempting to collect a debt.

If they call you at work, tell them to stop. After that, any call they make to your business, is illegal.

They must call you between the hours of 8 a.m. and 9 p.m. local time.

They may not threaten you or curse at you.

If you notify the collection agency in writing that you wish them to cease and desist contacting you, they can only contact you once more to confirm they will not be contacting you.

If any collection agency ever violated any of these rules, you may sue them. Be sure to document the incidents thoroughly.


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