Fair Debt Collection Practices Act – Know Your Rights As a Debtor
Working with creditors and debt collection agencies is definitely a tough ordeal. Their frustrating and persistence manner of tracking you down regardless of where you are can be very frustrating for you, your family as well as your fellow colleagues.
Thankfully, to protect the way too abused debtors, there is the Fair Debt Practices Act or the FDCPA for short. It is a federal law that bans unfair debt collection practices which will affect the quality of debtors’ life considerably.
Although this article doesn’t list the entire act, it’s good to know the common illegal debt collection practices so that you will not be intimidated and know how to handle them.
1. Contact third parties including your families, friends, neighbors or employers regarding your debt.
Except if the court has given them permission for your creditors to do this, it’s illegal for them to contact third parties about your debt. But they might contact third parties for the reason of locating you. Even so, creditors should not reveal why they are searching for you, except if you’re a minor.
2. Contact you at odd hours of the day – late night or very early in the morning.
Within normal circumstances, any time between 8am to 9pm is an acceptable time for them to call. Under no situation should your creditors contact you when you’re sleeping, for example at 3am.
3. Contacting you over and over again by telephone or not identifying themselves when they call.
4. Continue to contact you when you’re represented by a lawyer or when they have received a written request from you to stop contacting you. ( a cease letter)
5. Make threats, use obscene, profane or abusively languages and comments on you.
6. Misleading you that they’re affiliated with any state or federal government, or the legal status of your debts.
These are only a few of the common illegal debt collection practices. The FDCPA bans just about any abusive, dishonest and unfair debt collection practices that may have an effect on the quality of your life significantly.
To discover more about your rights as a debtor, visit www.ftc.gov/os/statutes/fdcpa/fdcpact.htm for much more info. It is always great to be aware of your rights as they give you a way of dealing with your creditors such that they don’t take advantage of you.
Nevertheless, realize that the purpose of the FDCPA would be to help you take care of creditors and not to ignore them and your debts.
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