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Pennsylvania Debt Collection Laws Article
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Debt Collection Practices: The Dos and Don’ts
from:It may be true that you do owe money to the debt collector who is standing at your door. However, that doesn’t change the fact that you are still a client and you deserve to be treated fairly. You have the Fair Debt Collection Practices Act to protect you. This act will help you fight back when your debt collector displays actions that can be considered bad debt collection practices.
By understand the Debt Collection Practices, you will know what your debt collector can and cannot do.
Dos of Debt Collection
The debt collector must employ Debt Collection Practices that respect the rights of the debtor. This means that he should willingly provide the debtor with documents that will verify the nature of his debt. The debt collector must also initiate communication with the debtor. While communicating with the debtor, the collector must be courteous and cooperative.
Here are some of the other Debt Collection Practices that the collector should do:
1) Within five days of the initial contact, the debt collector should send a written document that lists all the details regarding the debt. These include information about the original creditor, the date the debt was incurred, the total amount owed, and the deadline for payment. Also, all the documents should be attached for the debtor’s reference.
2) The debt collector should let you know the steps you need to follow if you want to dispute the debt.
3) The debt collector should honor your requests. If you submit a letter to inform the collector that you no longer want him to call you, he should comply.
4) The debt collector should keep your debt as a private matter.
The Don’ts of Debt Collection
There are some Debt Collection Practices that are designed to intimidate the debtor. These Debt Collection Practices should be avoided. Debt collectors should remain respectful to the debtor. Acts of harassment and abuse are punishable by law.
Here are some of the Debt Collection Practices that are sanctioned by law:
1) Debt collectors are not allowed to contact you at inconvenient places or hours. This means no calls or visits before 8:00 am and after 9:00 pm. This also means that if it is inconvenient for you to talk to the collector when you’re at work, he should stop making calls and visits to your workplace.
2) Debt collectors are not allowed to issue false threats. Unless he fully intends to carry out legal action, the collector cannot say he will sue you. If he says he will sue you, ask for a document from the agency that shows its intention of pursuing legal action. Also, the debt collector cannot scare you with threats of jail or repossession.
3) Any debt collection practice that involves insulting or discriminating the debtor is completely unacceptable.
4) The debt collector cannot physically hurt you if you refuse to pay.
Pennsylvania Debt Collection Laws News
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Pebblebrook Hotel Trust Completes $50.0 Million, 3.90 Percent, Secured Debt ... MarketWatch (press release) The unconsolidated debt, cash, cash equivalents and restricted cash amounts represent the Company's 49 percent pro rata interest in the Company's Manhattan Collection portfolio, a joint venture with affiliates of Denihan Hospitality Group that owns six ... |
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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, ... |
Accretive Health chairman has debt-collection history - Chicago Tribune
 Chicago Tribune | Accretive Health chairman has debt-collection history Chicago Tribune The chairman of the Chicago-based company under fire this week in Minnesota for its debt-collection practices in some hospitals has a history in the business that includes a separate run-in with the attorney general in that state. Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors ... Mercy Hospital: 'no aggressive collection practices' Tort Reform Arrives to Healthcare - Sue the Patient |
Pebblebrook Hotel Trust Completes $50.0 Million, 3.90 Percent, Secured Debt ... - TheStreet.com (press release)
Pebblebrook Hotel Trust Completes $50.0 Million, 3.90 Percent, Secured Debt ... TheStreet.com (press release) The loan has a term of five years and is secured by a first mortgage on the Company's 306-room Hotel Sofitel Philadelphia in Philadelphia, Pennsylvania. Proceeds from the loan will be used to pay down the outstanding balance on the Company's credit ... |
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, ... |