Follow the Debt Collection Harassment Laws and Remain Stress Free

04.11.2011 | Author: safinajones | Posted in Business and Industry
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Due to increase in cases of debt collection harassment many Debt Collection Harassment Laws have been formulated to protect the interests of the lenders and borrowers. There are times when the borrowers fail to repay their debt as a result the lenders in order to get back the loan amount appoints debt collectors to collect the debt on their behalf. These Abusive Debt Collectors usually use very harsh methods of collecting debt. Actually, according to the Debt Collection Harassment Laws the debt collectors can contact the borrower at a proper time and place to get back the money but they cannot use offensive and violent methods of collecting debts. There are provisions in the law that the borrower has the right to lodge a complaint against an Abusive Debt Collector.

Here are certain Debt Collection Harassment Laws violations of which can punish the Abusive Debt Collector:

  1. A debt collector should not harass the borrower continuously. If the debt collector does not follow that Debt Collection Harassment Laws then the borrower has the full right to complain about the debt collector to the higher authorities.
  2. A debt collector should not use violent methods and threaten the borrower because this can prove you to be an Abusive Debt Collector and you may be in trouble.
  3. A debt collector should not use abusive words.
  4. A debt should not call or visit the work place of the borrower.
  5. They must call at a proper time and disclose their identity to the person speaking they are speaking to.

As a borrower you must also remember that when you have taken a debt you will have to repay it sooner or later and if you have to loan to repay which you have not repaid yet, the debt collector has the right to call you. However, they must follow the Debt Collection Harassment Laws while collecting the amount of debt. As the law provides you the right to complain against an Abusive Debt Collector, it also requires you to keep certain points in mind. They are:

  1. You should be calm and cool when you receive a call from the debt collector.
  2. You should not enter into any sort of arguments with the debt collector. You must first hear what they have to say.
  3. You must ask for debt validation and also ask for the debt collector’s identity.

Thus, in this way by following the Debt Collection Harassment Laws you can avoid harassment from Abusive Debt Collectors.

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