How Can A Debt Collector Affect Your Job?
The persuasive efforts of various debt relief companies and the versatile service
provisions made by them like debt settlement, debt management , credit counseling etc has nevertheless helped numerous debtors to deal with their overwhelming debts and overdue, but when it comes to handling the atrocities and negative influences of the debt collectors and the effects of their methods on our job and employments, it is but little that we can do with the help of debt settlement companies. The loss of job has always been a result of abusive debt collection practices, but the federal law has still not gone to a measurable extent for protecting a debtors job prospects against intimidation and embarrassments of debt collection processes. Unfortunately FDCPA states no restriction for a debt collector to call up a debtors employer directly for getting information regarding the debtors address or contact number. The laws regarding contact with the debtors employer varies from state to state. Wage garnishment acts as a significant loss for the debtor wherein the employer is contacted by the collectors or creditors through sending of legal documents stating the amount of the debtors outstanding.The debt collectors may also influence your job environment by making disturbing calls to you, regarding debt payment reminders. This can be avoided by making a prior statement to the creditors that you are not liable to talk to them while at office or by requesting them to stop contacts in office hours lest it may hamper the work culture and attitude. FDCPA says that a collector cannot make call to the debtor at his office in case the employer does not allow the same. It is suggested to keep detailed notes about each violation of this request, to maintain witnesses that can testify the violation while taking legal action against the debt collector. Keep good records of the time, day, date and other details of correspondences. A collection action may appear on your credit report with the three credit report agencies namely Experian, TransUnion and Equifax and in case you are changing to a new job or considered for a promotion or transfer in your current job, the federal Fair Credit Reporting Act allows the employers to obtain information of your credit report from any of the above mentioned credit report agencies, as a part of their information search about the employers financial stability and liability. So in this case your new or potential employer may make a dynamic change of decision based on your credit accounts with blemishes of debt collections.
However with the weapons of proper knowledge of state laws, debt facts and legal resources, one can withstand the ill effects of debt collection and can minimize the damage of his credit report.
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