Remember Me
forgot your password?

Collection Agencies and the Law

Collectors have to study and pass tests with their companies in many cases before they become collectors. They know the laws that they legally must adhere to as collectors and they can actually be fined for breaking the law. But they don't always follow it. Some companies and individual collectors obey the law and some don't.

By law they are required to supply you with all information in regards to your original debt. They have to supply you with the information within 30 days of your request for it. The best way to the make your request is to send a certified return receipt letter stating that you want this information. If they can't supply it then they have to stop reporting to the credit bureaus concerning your debt and lack of payment. They also have to leave you alone for a while.

If they can't supply documentation of your debt that show how much you owe them, then you are usually released from this debt, but there are too many loop holes to use this part of the law it as a means of debt relief. The credit bureaus have to go by this same law and if they can't supply you with proof then it comes off of your report.

In the state of Texas they are not allowed to call between 8pm and 8am, and if they do you can get them for harassment charges, but relief from their calls won't last for long. They can start to calling again after a period of time. The calls have to be made according to your time zone, not their time zone.

If the collector calls repeatedly and hangs up or just calls repeatedly leaving messages you can file a police report about it, if you know the number the collector is calling from. This report can be against the company and the individual collector.

Your case is assigned to a certain collector, but if he isn't getting the desired result, his manager may call you to try and collect the debt. They may even play a game of good cop and bad cop with you in their effort to get you to pay.

Some of the other threats a collector may use, which are illegal are: telling you that you have committed a crime to disgrace you or using deceptive means to collect the debt.

You know what a threat is and you have the right to protect yourself under the law from threats and other types of harassment calls. When someone says they will freeze your accounts until you pay the debt, that's a threat. They can't freeze your account freeze your bank account. This scare tactic is illegal.

If a collector sys he will freeze your bank account or other asset, they are lying because they don't have the authority to do it. You can have a lawyer handle this threat for you and the court will fine the collection agency or collector. The collection agency will have to pay the lawyer's fees too.

Tristan Andrews

Tristan Andrews is a freelance author who writes articles about Collection Agencies and Commercial Collections.

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Regulatory Compliance Articles
  • More from Tristan Andrews

Small Claims Court

By: junaidahmad1 | 25/11/2009
Johnny B. Good entered the store with a photo of seven rolls of film for development. "I want my honeymoon photos developed as soon as possible. We were in Italy, and I took the most amazing pictures in my life," he said. "No problem, replied the clerk at the photo shop." We will have them ready by the end of the day, "she said. After work, Johnny returned to the photo store to claim his developed pictures." Wow, you're sure you bring them?

MLM Secret You Should Know

By: Terry Wg | 24/11/2009
MLM success is within your reach if you just know the ins and out of MLM network marketing.

Real Estate Laws in Louisiana: What You Should Know as a Property Owner

By: Andre Savoie | 24/11/2009
One of the many unique attributes of the state of Louisiana is our legal code. Unlike the rest of the states in America, the laws in Louisiana are based on the French civil code, also referred to as the French Napoleonic code. Read more about how this may impact you if you own or are considering buying real estate in the state.

Does Your Bankruptcy Law Firm Need Both Attorneys And Accountants?

By: marryzalaa | 11/11/2009
Recent changes in U.S. law made declaring bankruptcy a much more complicated matter. Chapter 7 is the most common form of bankruptcy requested by debtors and does not require repayment

Does Your Bankruptcy Law Firm Need Both Attorneys And Accountants?

By: simon | 06/11/2009
Recent changes in U.S. law made declaring bankruptcy a much more complicated matter. Chapter 7 is the most common form of bankruptcy requested by debtors and does not require repayment

How To Earn Serious Income By Selling Your Photos Online

By: Andrew Edgington | 05/11/2009
Why not get Dan Feildman's free report that reveals how easy it is to start up a Stock Photography Business, and how to make money selling your photos online

The Law Relating to Transfer of Shares

By: acicoinvestments.blogspot.com | 24/10/2009
The stock market has become the backbone of many economies in the world. Unfortunately, those who are engaged in such markets know little or nothing.......

Does government regulation prove to cause more harm than good?

By: Lori Pritchard | 18/10/2009
Does government regulation prove to cause more harm than good? This issue has been of great debate since Richard Nixon initiated a federal role in nursing home regulation during the early 1970s

What Are Collection Agencies?

By: Tristan Andrews | 08/05/2008 | Credit
When you hear about collection agencies, do you think about commercials like the one in which someone is avoiding the phone because they're dealing with a mountain of debt?

The Difference Between Good and Evil Concerning Collection Agencies

By: Tristan Andrews | 26/04/2008 | Regulatory Compliance
When you are dealing with collection agencies the first thing to understand is that not all of them are like the ones you see in the debt counseling commercials. Some are respectful of your rights under the law.

Hints and Tips For Finding The Perfect Elementary Tutor

By: Tristan Andrews | 25/04/2008 | Education
Whether you're looking for a tutor for your second grader in science or your sixth grader in reading, you'll need to know how to make the best decision. There are many things to consider when you're looking for a tutor.

The Benefits and Cost of Tutoring

By: Tristan Andrews | 25/04/2008 | Education
The basic benefits of tutoring for society are that it improves academic skills, builds self esteem and confidence, develops positive attitude towards school, offers positive role models, improves social skills, slows down truancies and drop out rates.

Will A Tutor Really Help My Child?

By: Tristan Andrews | 24/04/2008 | Education
When your third grader comes home with a C in math, after you've tried to motivate him by paying him for good grades or taking him to the zoo, and you've tried every other bribe you could think of that appealed to him and still it didn't work. You are indeed a frustrated parent.

Collection Agencies and the Law

By: Tristan Andrews | 24/04/2008 | Regulatory Compliance
Collectors have to study and pass tests with their companies in many cases before they become collectors. They know the laws that they legally must adhere to as collectors and they can actually be fined for breaking the law.

What to Do About Collection Agency Harassment

By: Tristan Andrews | 24/04/2008 | Regulatory Compliance
When the collector calls you an excessive amount of time per day that is one form of harassment. This harassment can be stopped. You have protection under the law against certain abusive tactics that some collection agencies employ.

Should You Get A Tutor for Your Preschool Child?

By: Tristan Andrews | 24/04/2008 | Education
When you start considering what your child is capable of learning - how his mind is like a sponge or an empty computer disk that is going to be filled with something, you begin to wonder if you should get someone more qualified to teach him.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.27, 5, w1)