Are you living a nightmare of rude and invasive calls from creditors? After a debt is outstanding for a certain time, creditors most often turn over this task to agencies which specialize in the service of debt collection. Debt or credit collection agencies apply a high level of pressure, resort to abusive treatment, or threats of legal action or garnishing of your wages with your employer. They use aggressive tactics that can be very intimidating, and often illegal. Know your rights!
The Fair Debt Collection Practices Act was enacted to give rights to American consumers against harassment or fraudulent practices on the part of creditors or credit collection agencies. As a service from ParkAveCredit.com, following you will find the limitation of actions that creditors may and may not enforce in the collection of your debts, and the resources available to you to report any violations. This information is from the Federal Trade Commission Website, and is verifiable at www.ftc.gov/bcp/conline/pubs/credit/fdc.htm.
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