Bill Collectors

Lessons from My Journey to Debt Freedom
by Greg Moore, CFISL

 

They Got Laws Against That Sort of Thing

  Whenever I teach my 3-hour Debt Freedom seminar, invariably some participants share stories about friends or family who have had unpleasant interactions with debt collectors…       

Foul language…       

Shouting…       

Threats…       

Phone calls at odd hours…  

No one disputes that the debts are owed, but is this kind of personal attack permissible?   Nope. Not under U.S. Federal Law…  

"Fair Debt Collection Practices Act"

  In 1977, the Fair Debt Collection Practices Act was passed to protect consumers from unscrupulous collection activity sometimes practiced during the course of collecting on debt.  

Here are just a few items addressed in the Fair Debt Collection Practices Act of 1977 that you may not be aware of:     

* Collectors may only contact you between the hours of 8:00 AM and 9:00 PM in YOUR time zone…     

* Collectors may not call you at home if notified in writing…     

* Collectors may not call you at work once you’ve instructed them not to do so…     

* Collectors may not use or threaten to use violence…     

* Collectors may not use obscene or profane language…     

* Collectors may not cause your phone to ring repeatedly…     

* Collectors may not pretend to be somebody they’re not…     

* Collectors may not tell lies to others about your debt…     

* Collectors may not ask you for a postdated check…     

* Collectors may not communicate with you about a debt using a post card…   You can find the complete act at:  

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm  

It’s written in legalese, so, it might be good bedtime reading.  

Of course, paying off your debts is the best way to eliminate this kind of unpleasantness. Unfortunately, life events sometimes make this difficult to do on your creditor’s timetable. Getting behind on your debts is no fun.  

Harassment, while you’re doing the best you can, makes it worse.   But… there’s laws against that sort of thing.  Use ’em. 

Greg Moore is the author of the Debt Freedom eCourse, "Debt Into Wealth — Lessons from My Journey to Debt Freedom". Get Lesson 1 of this course FREE .

Leave a Reply

Your email address will not be published. Required fields are marked *