What Are Debt Collectors Prohibited To Do?

One of the worst things about being in debt and having a low credit score is the fact that you have to deal with debt collectors. The sad part of this is that many people do not realize just what debt collectors could and cannot do. By knowing what they could do, and are legally allowed to do under the Fair Credit Reporting Act, would assist you stay a step ahead of them and not to fall into their traps.

First, debt collectors cannot threaten you to do something that they are not allowed to do. They cannot threaten violence or any crime of any type. They cannot threaten to take your property or your wages without a court order either.

Second, debt collectors cannot swear at you, lie about who they are, lie about why they are calling you or contact you so frequently that it could be deemed harassment. They cannot call you at work either if you have asked them not to contact you at work. As well, it is illegal for a debt collector to call you before 8 a.m., or after 9 p.m.

Third, in no way are debt collectors allowed to tell anyone else about your debt. They could only do so if they have a court order against you. This means that debt collectors cannot tell your employer about the debt, but they could call your employer to ask where to check you. Debt collectors cannot contact family members, except for your spouse if you are married, or your parent or guardian if you are under the age of 18.

Fourth, a debt collector cannot trick you in order to collect on the debt. This means that they cannot lie about the legal status of the debt, and they cannot claim that they work for a federal or state government agency. They cannot use any paperwork that may make it look like they work for a government agency either.

Lastly, debt collectors cannot add a fee to the amount of the debt unless it is a special case. Also, if you have a lawyer, then the debt collector could only contact the lawyer if you have sent a statement asking them to contact the lawyer on your account.

Debt collectors would try anything and everything to acquire you to pay back your loan or debts. However, sometimes they go a bit too far and begin to cross the line. When they do this, you need to be ready to act because by acting and not falling for their tricks, you could actually assist your situation and even have the debt erased due to a threat of a lawsuit on your part. Knowledge is power and knowledge about your rights with debt collectors is very, really powerful, so know your rights. This is why it is significant to keep records of when you receive calls from debt collectors, what they say to you and more. Anything that could be used to assist your case would assist you in the long run and acquire the debt collectors off of your back.