Credit Law
Do You Know Your Debt Collection Rights? Part 4
Collectors may NOT:
• Get in touch via postcard
• Give a name that’s fake
• Provide fake contact information
• Say your debt is more than it is (except if the collector was given incorrect information by the creditor)
• Say they are employed by a credit reporting agency
• Say you have committed a crime
• Say you will be
Do You Know Your Debt Collection Rights? Part 3
If the amount is wrong what do you do?
If you suspect the amount is wrong you must state in a letter you don’t owe the money being requested by the collector. Send the letter within 30 days of the day you got your written notification of the money owed. Send the letter to the collector.
Do You Know Your Debt Collection Rights? Part 2
It is important to understand that informing a collector not to call will not get rid of the debt. It only stops the collector from harassing you.
If you have an attorney handling your debt the collector is allowed to contact your attorney. (15 U.S.C. 1692b(6)
How do you prevent a collector from communicating with you?
You have
Do You Know Your Debt Collection Rights? Part 1
If you have ever dealt with owing money to a bank or telemarketer the chances are it wasn’t all plain sailing. But if you were behind with payments it would’ve been trying to say the least. You may even have been pestered with phone calls from a credit card company, bank or collection agent. This
5 Extreme Statistics for Credit Card Debt
If you need a push to get out of debt then weigh up your personal credit against average America.
1. What is the credit card debt of the US?
$972,494,000,000 made up the debt that was revolving in the US. Credit card debts from finance companies, securitized debt balances, credit unions and commercial banks were all incorporated