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The Debt Collection Law: What You Need to Know if You are in Debt?
from:Under the Fair Debt Collection Practices Act (FDCPA), you are protected from the abusive actions of a debt collector. No matter how much the creditor wants his money back, he needs to follow the guidelines of this debt collection law. This law has special implications for you, your workplace and even your medical care.
The Debt Collection Law and Your Workplace
The debt collection law, specifically the FDCPA, specifies that a debt collector may contact your office only to inquire about your location, your home address as well as your contact information. This form of contact can only be done if the debt collector has no other means of locating your current residence.
Meanwhile, the debt collection law also gives the debt collector the right to send papers and documentation to your boss. These documents are files on your debt that are somehow related to your job and your salary. A common example is a court order that asks for details about your salary.
However, the debt collector is not allowed to volunteer any information regarding your debt. The debt collector may only share this information if your boss asks for it, or if he is asking your boss to answer certain paperwork that is related to your debt. While the debt collector may not share the details of your debt, your employer may have other ways of obtaining such information. Usually, records of your debt may appear on your credit rating. Since your employer is allowed to view this information, he may learn about your debt.
The Debt Collection Law and your Health Care
Unpaid medical bills are a huge concern for creditors and their collection agencies. If you fail to settle your medical bills, your healthcare provider may turn over your account to a collection agency. However, the debt collection law and the law concerning medical bills indicate that you must first agree to such a transaction before a collection agency takes over your account. If for some reason you dispute the debt, you may raise your concerns at this point.
Even though a debt collection agency is taking care of your account, your healthcare provider will still protect your privacy. To this extent, the healthcare provider will only release information on your name, address, account number, social security number and your date of birth.
The Debt Collection Law and Identity Theft
The debt collection law also has provisions for identity theft. If a collection agency contacts you regarding a debt that you have no previous knowledge of, you may be a victim of identity theft. The first thing you should do is ask for documents regarding your debt. Ask for transaction records, letters of agreement, and receipts. If you have verified that the debt is really not yours, ask the debt collector for a fraud affidavit form. Once the form is processed, the debt collector will stop contacting you and the identity thief will be pursued.
Debt Collection Mail Fraud News
Bankruptcy claim survives against former Erie debt collector - GoErie.com
Bankruptcy claim survives against former Erie debt collector GoErie.com By ED PALATTELLA, Erie Times-News As he attempts to pay off his debts through bankruptcy, the former president of a now-defunct Erie debt-collection agency still must face challenges from the state Attorney General's Office. |
Debt Collection Agency Executives Plead Guilty in Multi- Million Dollar Client ... - LoanSafe
Debt Collection Agency Executives Plead Guilty in Multi- Million Dollar Client ... LoanSafe According to court documents and statements made in court, Oxford Collection Agency was a private financial services company that engaged in accounts receivables management, primarily debt collecting, with offices in New York, Pennsylvania, ... |
Tips for handling debt collectors - KLTV
Tips for handling debt collectors KLTV With more than 15000 complaints, consumers need to be aware of the best practices for when it comes to handling debt collectors. “Be wary of the red flags for fraudulent debt collectors”, said Mechele Agbayani Mills, President and CEO of BBB Serving ... |
Executives at Debt Collection Agency Admit Roles in $10 Million Client, Lender ... - 7thSpace Interactive (press release)
Executives at Debt Collection Agency Admit Roles in $10 Million Client, Lender ... 7thSpace Interactive (press release) According to court documents and statements made in court, Oxford Collection Agency was a private financial services company that engaged in accounts receivables management, primarily debt collecting, with offices in New York, Pennsylvania, ... |
Internet fraud is alive and well - IEEE Spectrum
 IEEE Spectrum | Internet fraud is alive and well IEEE Spectrum The IC3 reports that law firms have been defrauded of millions of dollars in various debt collections scams. The firms are typically contacted via e-mail for help with debt collection, a divorce settlement or real estate purchase. |