Paying out debts is something that should be regarded as a high priority for anybody. No matter who you are if you have a series of debts you need to pay out for yourself or your business, the collections are going to be given to an agency that will help pay off the issues associated with your debt. However, you must keep in mind that while organizations that specialize in these matters have an outstanding track record, some companies can use your personal information against you while collecting your debt.
If you believe your debt collector is engaging in unfair practices against you, in regards to the payment of your debt, you should know how you are protected under the Fair Debt Collection Practices Act (FDCPA). The FDCPA was passed by Congress in the year 1978 with the purpose of protecting customers from any violations that a collection agency may practice. There are many activities that a debt collector must not do in accordance to the FDCPA to ensure fair debt collection the consumer.
Be aware of your rights under FDCPA regulations
You should first note what times collection agencies should call you. Under the law, they should not call you before 8:00 AM or after 9:00 PM in your local timezone. If a company repeatedly calls you home with the purpose of trying to harass you, even after you have given them a note to stop, it is best recommended that you try to contact a lawyer immediately. Take note of whatever information they give you in regards to the debt, the FDCPA says companies are not allowed to misrepresent the amount of the debt.
But you should not be discouraged, if a company should misrepresent your debt, it is always good to try and find another company with a noted reputation of solving collection issues. A good avenue to turn would be finding suggestions from friends and family who have worked with collection agencies in the past to give you a sense of where to go. As soon as you find the company who might work to help fix the debt, ask them about all the regulations of the FDCPA and look for ways to work in conjunction with the law.
This might be a hard process should you feel that any of your rights are being abused, however the thing to take note of is that the majority of collection agencies have a proven track record. Any collection organization has to remember that your debt is what their focus needs to be on. Collection agencies have to place an importance on responding to all your financial obligations.
It’s always good to know your rights when dealing with a collections agency.