Unfair Debt Collection Practices
If you fall behind on your credit card or loan payments, a debt collector may contact you. No matter what the situation is, debt collectors are required to follow specific debt collection rules. If you feel you are being treated unfairly, read on to find out which methods of debt collection are prohibited and how you can protect yourself.
The Fair Debt Collection Practices Act requires that debt collectors treat you fairly and respectfully. This act also strictly prohibits specific methods of debt collection. These unfair debt collection practices include:
- Threats of violence
- The use of obscene language
- Repeat phone calls meant to annoy and intimidate
Other collection practices prohibited by the Fair Debt Collection Practices Act include false and misleading statements. For example, a debt collector is not allowed to:
- Use a false name or title
- Misrepresent the amount of the debt collection
- Threaten legal action when none is intended
- Falsely threaten garnishment of wages, imprisonment, or seizure of property
Are You a Victim of Unfair Debt Collection Practices?
If you feel that you are being victimized by unfair debt collection practices, you should report the problem immediately to the Federal Trade Commission and, more importantly, to your states Attorney General office. Many states have debt collection laws and the Attorney Generals office can help you determine your rights. For example, in certain cases, you may have a right to sue the debt collector in state or federal court.