How consumers get advantages by the debt laws?
How consumers get advantages by the debt laws
?
Consumers can be failure to pay their debt. Sometimes despite daily expenditures, customers may not be able to pay to their debt payments and then the debt collection agencies keep calling every time to harass for the payments. At the same time the debt law prohibits unlawful activities by the collection agency and the creditors. Take a look at how they do it.
Debt laws: an overview
The Federal Trade Commission (FTC) has imposed the FDCPA (Fair Debt Collection Practices Act) under which the collection agencies or the creditors are forbidden from using unjust, misleading and offensive practices to accumulate debt from the consumers. But the only the debt law cannot stop them from taking legal action against you for not paying them their money.
Which practices are prohibited under the law?
As mentioned over, there are some practices, which are not allowed by the law and therefore if the debt collectors don't obey them, they can be sued for their unlawful activities.
What are the practices are prohibited by the FDCPA:
1. Time and place
According to the FDCPA, the debt collectors or the creditors are not supposed to make contact with the debtors before 8 am and after 8 pm. If any collection agent is seen not abiding by this regulation can be sued in the court of law. The debt collector should also conform to the restrictions about the place of contact. If the consumer is in the office and he or she is not allowed by his employer to talk about all these things in office campus, then the collector may not talk to the debtor concerning debt collection.
2. Contact the debtor only
As said by the debt laws, the debt collectors cannot contact any other person excepting the debtor himself. The debtor has to be contacted for the debt collection and no neighbors or relatives should be harassed. If the consumer/debtor is represented by any Debt lawyer, then only the debt collector can speak to the attorney, otherwise contact the debtor first.
In Florida, if you have debt, check your debt-to-income ratio and try to pay your debt as soon as possible. If you're constantly harassed by the creditors or the debt collectors contact your
Florida debt lawyer and also complain about them to Florida state Attorney General or the Federal Trade Commission - Regional Offices.
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