Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Lies by Debt Collectors!Violations of the FDCPA

Lies by Debt Collectors!Violations of the FDCPA

Ratings: (0)|Views: 12|Likes:
Published by k_johnycr
Lying over the phone is very well a violation of the FDCPA, and debt collectors giving false identities is also one. The FDCPA protects the consumers from illegal and unethical practices by third party debt collecting agencies/collectors. Check the guidelines and violations and know they they are punishable offenses.
Lying over the phone is very well a violation of the FDCPA, and debt collectors giving false identities is also one. The FDCPA protects the consumers from illegal and unethical practices by third party debt collecting agencies/collectors. Check the guidelines and violations and know they they are punishable offenses.

More info:

Published by: k_johnycr on Dec 07, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/13/2014

pdf

text

original

 
One of the biggest violations debt collectors commit during their aggressive debt collections is to lieover the phone. There are many lies that the debt collectors speak over the phone. They do notdisclose their names while trying to collect from you. Sometimes they give you a false identities.Under the Fair Debt Collection Practices Act
, a debt collector must identify his name andthe collection agency he is working for. The FDCPA is a federal act enforced by the Federal TradeCommission (FTC) to protect consumers against illegal and unethical debt collection practices bydebt collectors.Third party debt collectors buy debt from original creditors for a very small price and have nothingto lose money wise.The
has clear guidelines to be followed by third party debt collectors engaged by debtcollection agencies. They are:
Calling you at a convenient time
Informing you of his identity
Speaking in proper language
Disclosing debt details
Giving the original creditor's details
Listening to consumers if they have a payment suggestion
 Not calling on numbers that have not been mentioned with the original creditor One of the most frequent violations and one that a debt collector compromises on his integrity isgiving a wrong identity. Debt collectors call from unknown or blank numbers or restricted lines andleave voice mails in threatening tones. This is not welcome because if there is a legitimate debt to be collected then there is no reason why a debt collector should resort to such methods.Giving misleading and ambiguous information also is not a right method because it leads tounnecessary fear and displeasure among the consumers. Often debt collectors lie about calling your office or garnishing your wages. Unless there is a court ruling or they are original creditors, debtcollectors do not have the right to garnish your wages. Lying about taking legal action or posing asan attorney are again punishable wrongs of debt collectors.Lying about the amount of debt owed is again a violation by debt collectors. Debt collectors arerequired to mention the right amount that you owe. He should not implicate an amount more thanyou owe to extract more money from you.Calling for someone else and harassing you for that person, alleging you to be someone else andtrying to collect from you is another big lie debt collectors resort to. If it is a case of mistakenidentity, collectors are expected to stop once you request them to stop on that pretext. However, if they still continue they are resorting to lies and are violating the FDCPA.Debtors are protected by the FDCPA for a fair collection of debts. A clear understanding of your rights under the FDCPA is essential to stay away from debt collectors harassment. A little preparation and knowledge of the FDCPA can assure you of a hassle free life.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->