Welcome to Debt Collection Guide
Texas Debt Collection 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.
Texas Debt Collection News
ACA of Texas Receives Certificate of Excellence - EON: Enhanced Online News (press release)
ACA of Texas Receives Certificate of Excellence EON: Enhanced Online News (press release) ACA International, the Association of Credit and Collection Professionals, is the comprehensive, knowledge-based resource for success in the credit and collection industry. “I am honored that our Texas Chapter was recognized for its commitment to ... |
Mara Kafarela, Texas Homeowner, Sues Blackmon Mooring For Taking Possessions ... - Huffington Post
Mara Kafarela, Texas Homeowner, Sues Blackmon Mooring For Taking Possessions ... Huffington Post Rescuing babies and kittens is one thing, but would you rush to the scene of a burning building just to recoup some debt? That's what one Texas debt collection agent allegedly did, according to a lawsuit reported by Courthouse News Service. |
Fitch Affirms Schertz-Seguin LGC, TX's Contract Revs 'AA-'; Outlook Stable - MarketWatch (press release)
Fitch Affirms Schertz-Seguin LGC, TX's Contract Revs 'AA-'; Outlook Stable MarketWatch (press release) Each city is obligated to pay 50% of the annual debt service and operating expenses of the utility on a several, but not joint basis. The payments are considered an operating expense from their respective utility systems. The bonds are also secured by ... |
Executive Change: FMA Alliance and RCP-Revenue Cycle Professionals Add ... - InsideARM
 InsideARM | Executive Change: FMA Alliance and RCP-Revenue Cycle Professionals Add ... InsideARM Headquartered in Houston, Texas FMA/RCP provides Extended Business Office, third party /self pay follow-up and bad debt recovery services. Through our innovative strategies and technologies FMA has positioned itself as one of the leading receivable ... |
Collection agencies sued for reporting disputed debts on man's credit report - Southeast Texas Record
Collection agencies sued for reporting disputed debts on man's credit report Southeast Texas Record The defendants are accused of violating the Fair Debt Collection Practices Act, Texas Debt Collection Act and the Texas Deceptive Trade Practices Consumer Protection Act by using false representations and deceptive means to collect an alleged debt. |