Embed
Email

Lies By Debt Collectors! Violations Of The FDCPA

Document Sample
Lies By Debt Collectors! Violations Of The FDCPA
Description

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.

Lies by debt collectors – Violations of the FDCPA



One of the biggest violations debt collectors commit during their aggressive debt collections is to lie

over the phone. There are many lies that the debt collectors speak over the phone. They do not

disclose their names while trying to collect from you. Sometimes they give you a false identities.



Under the Fair Debt Collection Practices Act (FDCPA), a debt collector must identify his name and

the collection agency he is working for. The FDCPA is a federal act enforced by the Federal Trade

Commission (FTC) to protect consumers against illegal and unethical debt collection practices by

debt collectors.



Third party debt collectors buy debt from original creditors for a very small price and have nothing

to lose money wise.



The FDCPA has clear guidelines to be followed by third party debt collectors engaged by debt

collection 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 is

giving a wrong identity. Debt collectors call from unknown or blank numbers or restricted lines and

leave 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 to

unnecessary 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, debt

collectors do not have the right to garnish your wages. Lying about taking legal action or posing as

an attorney are again punishable wrongs of debt collectors.



Lying about the amount of debt owed is again a violation by debt collectors. Debt collectors are

required to mention the right amount that you owe. He should not implicate an amount more than

you owe to extract more money from you.



Calling for someone else and harassing you for that person, alleging you to be someone else and

trying to collect from you is another big lie debt collectors resort to. If it is a case of mistaken

identity, 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.

The Fair Debt Collection Practices Act (FDCPA) came into practice to regulate the methods used by

debt collectors in collecting debt. According to the FDCPA, a debt collector is someone who

collects debts on a regular basis. This includes collection agencies, lawyers who collect debts on a

regular basis and companies that buy criminal debts and then try to collect them. A debt collector

can call during day time on a number agreed by you, and only request for payment. He cannot

demand or disturb you in any form. The FDCPA protects you from debt collector harassment.



A debt collector cannot harass you by calling you any time of day and night. He cannot call you at

your workplace. He cannot shout or abuse you to pay the debt. If you have asked him orally or in

writing not to call you, he has to stop. If you are represented by an attorney he must contact only the

attorney. By calling you even after your engaging an attorney, debt collector violates the FDCPA.

You can sue the debt collector for this violation. The debt collector cannot intimidate you with dire

consequences like threatening to garnish your wages, or get you arrested. These violations are

strictly punishable by law.


Related docs
Other docs by johnkerner1
By registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!