Consumer Debt Recovery – Being Harassed?

Debt collectors can be ruthless when it comes to getting the money they are owed. Their phone calls can start early in the morning and continue through nine o’clock at night. They can call your home and your place of business. These debt collection calls can cause massive amounts of stress and annoyance.

If you are on private land such as a supermarket car park the “fine” is not actually a fine and will have come from a private company. Private parking charges are unenforceable in Court although they will often sell these “fines” to a private company and they will hassle you. Simply refer them to the driver of the car but don’t say who the driver is. That should get rid of it. Expect them to write to you lots of times but you can simply ignore the correspondence. A friend of mine has been getting letters from a Debt collection companies in respect of his overstay in a supermarket car park, for the last two years. He simply ignores them.

A debt collector cannot disclose the nature of your accounts with a third party. They can contact a third party but only to receive location information from them. Normally they can only contact a third party once.

Why read the Fair Debt Collection Practices Act? – First, to get your sanity back! Debt collectors will turn your life into a living nightmare… if you allow them!

The original creditor does this to wash its hands of the bad debt, and the collection agency likes this exchange because it is able to purchase these delinquent accounts at a substantial discount, often for only a few pennies on the dollar. What does this have to do with you going to court on one of these cases? Read on.

Consequently, the debt collector has more bargaining power when it comes to dealing with loan defaulters. Often people default on their credit cards because they simply fall upon hard times. In other words it’s not about a lack of desire to pay but instead an inability to pay.

Thirdly, to learn what you can do, (according to the law) to stop the phone calls, dunning letters, abuse and harassment. The Fair Debt Collection Practices Act is divided into 18 sections. I’ll repeat this again, DO NOT proceed any further until you read each section in its entirety. After reading it, if you believe your rights have been violated, take the facts of your complaint and contact an attorney that understands the Fair Debt Collection Practices Act explicitly and specializes in fighting for the rights of consumers.