Learn how to prevent Personal debt collection funds, understand the law on fair Personal debt collection practices, and protect yourself from payment collection abuses. These are the five main things you should know about honest Personal debt collection practices and when you need to know when a debt collector goes beyond the law.
- Debt collectors are not allowed to call at the right time. They just call about the debt from 8 am to 9 pm and local time. Debt collectors cannot re-name the number as harassment. Debt collectors cannot call a person to the workplace if they are told that this is not acceptable to the employer; this is part of the law on loyal debt collection practices.
- Debt collectors may give their name and, in fact, must communicate their name to the person with whom they are contacting in an attempt to obtain debt, but they cannot indicate their purpose for calling another party other than this person about what they are trying to collect. Debt this is necessary so that the person from whom he was taken was not intimidated by threats of public exposure or shame. There are penalties for violating the privacy of a person when collecting a debt, which is part of the law on the good practice of Personal debt collection.
- Debt collectors must include an insert in their first message, sent by mail, no later than five days after the initial contact was established. This insertion is a form in which the person from whom it is charged can request confirmation of the debt and can also dispute the debt. Debt verification must be provided within 30 days of the request or must stop attempting to collect the debt.
- Debt collectors may be informed in writing that the person from whom they are trying to collect money does not intend to pay the debt and does not want further messages from the collector. The debt collector is allowed to contact the individual again to inform them that they will stop trying, and also to inform them of any other actions they may take, such as a lawsuit.
However, fair Personal debt collection practices cover much more than this brief overview.
However, in the end, most people really want to solve their debts and resume normal life. Currently, although in this economy with very high credit card rates for the debtor, this may seem impossible. Nevertheless, there are solutions that can be individualized and can not only prevent the calls of lenders, but also help to maintain credit and human calm. A good Personal debt collection law helps prevent claimants from being abused, and credit decisions can restore normalcy.