Debt Collection: Know Your Rights
When it comes to debt collection, you as a consumer have some rights. The Fair Debt Collection Practices Act (FDCPA), a federal statute that controls how debt collectors conduct themselves, provides certain rights. The following are some of the most important rights you have as a customer when debt is being collected.
Debt collectors are not permitted to annoy, mistreat, or threaten you in any way. In addition, they are not allowed to speak indecently or profanely or call you repeatedly with the aim of annoying or harassing you.
The option to contest the debt:
If you think that a debt that is being collected from you is inaccurate or not yours, you have the option to do so. In order to accomplish this, you need write a letter to the debt collector outlining your arguments for why you think the debt is inaccurate or not yours.
The right to privacy:
Debt collectors are prohibited from discussing your debt with anybody save you, your spouse, or your legal counsel. They are also prohibited from getting in touch with you at awkward times or locations, such before or after 9 p.m. or at work if they are aware that your employer forbids personal calls.
You have the right to file a lawsuit against a debt collector in federal court if they disobey any of your FDCPA rights. If you win your lawsuit, you can be entitled to damages and legal costs.
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The right to respect:
Right to take legal action:
It's critical to keep in mind that you have rights regarding debt collection. If you believe a debt collector is treating you unfairly, don't be hesitant to use them. Keeping track of all correspondence, including phone conversations and letters, is also advisable in case you need to demonstrate that your rights have been violated.
