You may have been contacted by a collection agency by now. If this is the case, then you know it can be quite ugly and unpleasant. But if you are not familiar with that, you should know that collection agencies have different rules and regulations to operate applicable in different state. Sometimes the collection agency laws are at the limit of decency and law. Some agencies really harass their clients. But you should know that there is a law that protects you against these collection agency laws and the way they treat you.
One very good law is the Fair Debt Collection Practices Act (FDCPA). The law was created in order to protect people against abuse and the special rules that collection agencies have. The FDCPA has some clear rules on collection agency laws and they say what is legal and what it is not.
The debt collectors are always allowed to call you. They can do it only between 8 AM in the morning and till 9 PM in the evening. Not an hour before that. But they can call you at work. What they are not allowed to do is contacting third party people like friends, family and so on. Also, they must not use bad language and harass you.
They can not call you if you tell them not to. They must not insult you or make false accusations. Saying that they will garnish the wages is a false statement. Telling you that you will go to jail and things like that is harassment.
Read more at www.collectionagency.IN
Wednesday, February 24, 2010
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Sumbission of delinquent account is needed as commercial aspects of any business has tough times to collect the debt.When we talk about collections agencies, I personally feel that the business company should choose the debt collectors quite wisely.At the end of the day, one has to go back into the market & consumers.
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