Welcome to Debt Collection Guide
Dispute Debt Collection Letters Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
What Fair Debt Collection Means to You?
from:So, you may have missed some payments on your mortgage. Or, you may have failed to respond to calls from your creditor. Despite the fact that you may have failed to keep your end of the contract, you still have the right to be treated fairly during the process of debt collection.
Fair debt collection involves the use of proper tools to evaluate your situation. It also gives you ample time to respond to the notification of the debt collector. In order to ensure that debt collection is carried out fairly, the congress passed the Fair Debt Collection Practices Act or FDCPA.
The FDCPA ensures that there are guidelines that will protect you when you communicate with a debt collector to settle your accounts. The act states that the debt collector cannot intimidate you with false threats. He cannot scare you into thinking that you will go to jail if you fail to make payments on time. He cannot insult your race or make any negative references to your gender. He is also not allowed to talk to you using obscene and profane language.
Fair debt collection also protects your privacy. This means that debt collectors are not allowed to tell other people about your debt. They cannot put you in a place of public shame and humiliation in order to pressure you into paying. If the debt collection process is to be fair, then it is only right that you and your debt problems remain private and personal. More importantly, fair debt collection gives you the right to sue your debt collector if you feel that he is being abusive, aggressive or dishonest.
Fair debt collection means that even though you have failed to make some payments, the debt collection agency will still respect you and value you as a client. This means that you are given the opportunity to approach your debt collector and request for a change of payment scheme. Once you show that you intend to pay, you are allowed to renegotiate the structure of your debt. You and your debt collector will come up with a payment scheme that you can afford. This is what fair debt collection is about; it gives you a legal environment in which you can come up with an effective way to settle your debt.
So, if you have debts, do not panic. The United States of America has put in the necessary legal safeguards that will allow you to coordinate with debt collectors without fear of harassment or abuse. You won’t be arbitrarily driven out of your home or anything like that. The FDCDPA ensures that there is a fair debt collection process that will respect your rights as an individual and a customer. In the end, fair debt collection should help reduce the stress and anxiety that are brought about by the entire process of settling a debt.
Dispute Debt Collection Letters News
Hollywood Video debt collection letters causing problems for thousands
Q. I received a notice in the mail stating that I owe $28.74 to the Legal Successor of Hollywood Video/Movie...
Read more...Debt advice live
The credit crunch, rising unemployment and high inflation have put the squeeze on household budgets, pushing many into debt. Our reporters are live with three debt organisations to show how easy it is to get help with financial problems Introduction Recent years have seen advice charities reporting rising numbers of people contacting them for help. The credit crunch, rising unemployment and high ...
Read more...If collectors call on a very old debt, know your rights and assert them
A collector calling on a 12-year-old debt needs to prove you really owe it, and be told it's too old to be legally collectible. Just don't ignore it
Read more...Death and taxes: Is the IRD pusing people over the edge?
Every Wednesday and Saturday, Kent Richardson makes a special trip to the shops for a Lotto Lucky Dip ticket. He's 51, unemployed and being pursued by the Inland Revenue Department for $97,000. He thinks Lotto is the only chance...
Read more...Disputes heat up over Mob Attraction artifacts
Guns. Knives. Brass knuckles. Decades after they were used as tools in deadly games of profit and control, pieces of the nation’s mobster past are once again involved in a heated dispute — this time in court.
Read more...