Our relation with debts and financial deficiencies have almost been a pretty long and deep rooted one which not only associated us with various debt relief programs but have also introduced us with the greatest and most powerful economic downfalls and turbulences which disrupted both our personal finances as well as federal economy. The world federal reminds me of the Government Corporation or law called The Fair Debt Collection Practices Act which has played a crucial role in controlling our debt woes and creditors harassments. Without the presence of the laws stated in FDCPA, debtors would have chased their debts to hell in order to pay them off. Collectors and creditors are always the most dreaded terms for a debtor but FDCPA dictates how debt collectors can act when collecting a debt from you, as there are certain lines or boundaries of action which they are not allowed to cross over, until they want to end up in legal issues and complaints put up by the debtor. Following are the cases/actions/behaviors that the collectors that the collectors or creditors should keep away from doing:
- The collector cannot misinterpret the amount you owe him or cannot even ask you to pay more than you owe (except for the interest rates)
- They cannot ask you to pay interest, fees, penalties or expenses which are not legally applicable.
- They cannot call you repeatedly or continuously reminding and harassing you about the debts and loans.
- They are forbidden from using obscene, profane or abusive language against the debtors which can cause shame, embarrassment or insult to the debtor or hurt his/her dignity.
- They re legally not allowed to make calls before 8.00 am and after 9.00 pm which are considered as harassment and threatening calls.
- They cannot threat to use violence or to cause any kind of physical, financial or mental harm to make the debtor pay his/her debts.
- They are prohibited from using hollow threats of taking action which they are not allowed to legally.
- They cannot illegally inform a third party about your alleged debt. Except the attorney, creditor, and credit reporting company they are not viable to involve a third party in this.
- They are bound to produce a written and proven debt validation notice and evidences against the debtor’s bills and debts including the amount of the debt, name of the creditor, and notice of your right to dispute the debt within 30 days.
- They cannot continue the collection process after receiving the debtor’s cease communication notice
Thus a debtor should always keep his/her senses open against the collectors who jeopardize these FDCPA rules and should take legal actions against them.